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Cathedrals, Pyramids, iPhones: Toward a Tentative Theory of Innovation (2014)
- david927 8y agoThere's a lot of food for thought here but I would just swap consumerism with Capitalism, even if it makes it harder to digest. The other point here is that as Capitalism becomes more sophisticated it suffers from the Innovator's Dilemma. Thiel himself understands that a monopoly is optimal under Capitalism but then won't take the next logical step to see that it will protect that position at the expense of innovation. Why are US taxes so complex? Because Intuit (Turbo Tax) makes a lot of money off of that inefficiency/lack of innovation.