Mortgaged what future? The linked article doesn’t even try to complete the argument… there’s not a single reason offered why TI could plausibly have increased

Mortgaged what future? The linked article doesn’t even try to complete the argument… there’s not a single reason offered why TI could plausibly have increased total revenues more… instead of just spinning their wheels from a higher cost base. Or to put it another way, why wouldn’t that revenue growth have gone to their competitors?, which did in fact happen.