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Competitive is not the same thing as innovative. Innovative is the real disruptor. We forget this at our peril.
by Applejinx 5y ago
Competitive is not the same thing as innovative.
Innovative is the real disruptor. We forget this at our peril.
- j_wtf_all_taken 5y agoComletition leads to innovation for all while monopolies lead to stagnation or degeneration with a few benificiaries.
- simonh 5y agoOh sure, but as you say they're not the same thing. To disrupt at scale you need to be able to grow to that scale. There are too many barriers to doing this in Europe. I do think Europe has many advantages the US and China don't have, it's not like being able to develop massive scale enterprises is the be-all and end-all of economics, but it is self-limiting in some important ways.