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This always happens when growth of a good or service slows but the provider is still expected to keep delivering growth. Historically it has led to finding eff
by cadamsdotcom 1y ago
This always happens when growth of a good or service slows but the provider is still expected to keep delivering growth.
Historically it has led to finding efficiencies - but that takes R&D, not just financial engineering.
In the near future humanity will to do a mix of three things: a) accept that growth is over (it’s not, this is temporary until the next thing is invented), b) find a way to return to the frenzy of innovation that pushed us to expect growth (likely by leaning back in to R&D), and c) legislate the types of squeezing we’ll tolerate (as the EU is doing)
Companies that invest in R&D need to start winning to kickstart growth again. Big companies can do it - eg. Google Gemini is topping leaderboards.
While you wait for a return to R&D, contemplate the miracle of the complex economy that led us to the point where lower middle income people can have a Basic Economy seat on a tin can in the sky.
- sandspar 1y agoI broadly agree, but airline engineers are already inventing their little hearts out as fast as they can. Airlines are being squeezed in a hundred different ways every day, whereas building a better engine takes decades.