4 ms·
When Ma Bell existed, Wall Street wasn't as myopic and short-termist. The stock market tolerated private-sector R&D because it mostly consisted of investors rat
by sydbarrett74 3y ago
When Ma Bell existed, Wall Street wasn't as myopic and short-termist. The stock market tolerated private-sector R&D because it mostly consisted of investors rather than speculators. These days, if something doesn't bear immediate fruit, the Masters of the Universe want no part of it.
- psygn89 3y agoAnd when it does bear fruit, many big tech companies come to copy or purchase it only to have it wither in some corner of their company.