Fascinating, and persuasive that the legal landscape forms the end product as much as business or engineering decisions. > The logic from Schumpeter to Trinko

Fascinating, and persuasive that the legal landscape forms the end product as much as business or engineering decisions. > The logic from Schumpeter to Trinko is direct. And yet, it’s also quite obviously wrong. From Boeing to Too Big to Fail banks, many examples, far beyond the CDK Global and Reynolds situation, where incumbents used their consolidated position to hinder innovation and lower quality, shows that Schumpeter’s thinking about commerce is both old and odd. That’s one way to say it. But I wonder if Schumpeter’s theory is actually proven by the fact that these examples have failed.