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I would disagree. Billionaires and mega companies are able to pioneer and validate ideas that smaller companies may not be able to due to financial or operation
by isthispermanent 6y ago
I would disagree. Billionaires and mega companies are able to pioneer and validate ideas that smaller companies may not be able to due to financial or operational restraints.
But once an idea is validated smaller competitors come in and start picking off verticals. Shopify and it’s 100,000+ stores are around in large part due to Amazon not only validating and producing best practices for the e-commerce model but also in building the foundational infrastructure (AWS) for smaller companies to leverage.
There are major benefits to having mega companies and billionaires around, and particularly having them in your country. Albeit, I agree, we do need to come up with a better tax strategy for the ultra wealthy.
- _emacsomancer_ 6y ago> I would disagree. Billionaires and mega companies are able to pioneer and validate ideas that smaller companies may not be able to due to financial or operational restraints. Sorry, you mean that billionaires and megacorps are able to profit off of ideas pioneered and validated by publically-funded research institutes? I don't see how their inability to do so would be a loss to society.
- isthispermanent 6y agoWhat would be your idea to ensure scaled, cost-effective production of the ideas that come from these institutions? And we can’t consider an idea validated until it is brought to market.
- _emacsomancer_ 6y ago> And we can’t consider an idea validated until it is brought to market. I see you've designed your test to guarantee the result you want.
- manquer 6y agoYou don’t billionaires to validate new ideas, and amazon was not started by a billionaire . Billionaires rarely If ever have created a brand new industry or idea to fruition A billion dollar market is not the same a billionaire . You need the former you don’t need the later .