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In sense larrys is right, but your observations is correct as well, at any given time there is only so much wealth in a society and the division of that wealth
by kls 14y ago
In sense larrys is right, but your observations is correct as well, at any given time there is only so much wealth in a society and the division of that wealth will happen any way you assemble it. But to your point, there are periods of innovation that create new and novel wealth that expands the pool for everybody. But after that innovation period is over, consolidation and efforts to streamline happen. IBM is in that streamlining period in portions of their business while in others (Watson for example) they are very much in the innovation phase.
- travem 14y agoI think Clayton Christensen covers this well when he discusses empowering, sustaining and efficiency innovation. The following for a brief introduction http://www.deseretnews.com/article/765617333/The-new-church-of-finance.html?pg=all http://www.deseretnews.com/article/765617333/The-new-church-...