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Creative destruction is important, but some businesses are easier to replace than others. How do you create another Intel or Boeing? The start up costs are insa
by cheriot 5y ago
Creative destruction is important, but some businesses are easier to replace than others. How do you create another Intel or Boeing? The start up costs are insane. Even beyond that, there's value in some institutions.
- emodendroket 5y agoI mean if we really need leading-edge aerospace or semiconductors protected from the vicissitudes of the market, the government getting more directly involved seems like the obvious answer.
- cheriot 5y agoI agree for these two cases, but more generally the market has some inefficiencies when good companies self-immolate like this.