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Outstanding article. Our current goals and incentives are not sustainable.
by 2OEH8eoCRo0 10mo ago
Outstanding article. Our current goals and incentives are not sustainable.
- lotsofpulp 10mo agoI don’t see evidence that iRobot vacuums would have been competitive with Chinese ones, simply because the moat does not exist (there is no secret sauce that makes it difficult to make a competing product). As for the rest of the article, it’s not Wall Street’s fault the government doesn’t pay iRobot enough for research (nor should it).
- 2OEH8eoCRo0 10mo agoAs the article states they were more than vacuums- they also did defense work and research. They gutted that for higher short term gains. Offshoring to China also likely helped China learn to build their own.
- lotsofpulp 10mo agoIf they were getting paid enough for defense work and research, then they would not have gutted it. But the government should do R&D itself anyway.
- 2OEH8eoCRo0 10mo agoYou should try reading the article, it mentions that too.
- lotsofpulp 10mo agoIt only mentions a one sided view presuming an investor’s intentions. There is no numerical analysis on whether or not iRobot’s spending on various efforts was yielding or likely to yield a return.