For basically my entire adult life, at the macro level capital investments have basically been free for corporations.
While I have an idea of will happen based on historical data, it will certainly be ‘interesting’ to experience it first hand. :/
While I have an idea of will happen based on historical data, it will certainly be ‘interesting’ to experience it first hand. :/
It's painful in that unproductive firms are no longer handing out free money to employees and customers.
Looking at the market of companies today, especially in the tech space, IMHO ten years or so of fiscal prudence would be really healthy.
The only downside is that Apple, Amazon, Google, and Microsoft would weather it and come out more relatively dominant.
Libertarian supporters of capitalism look backward to the earlier phase of a lot of competing small firms innovating rapidly, in which government is more an impediment than anything else, and while that’s a great time to be in, it’s just a phase, and eventually the board clears and you end up with a small number or just one large firm that controls a whole industry, and popular movements or government is really the only check on their power.
I guess it was a demand problem.
There needed to be one huge customer to dictate a single set of needs, and that didn't exist until Amazon bootstrapped via its own demand and internal interoperability mandates.
It'll be curious if Google bows out. You'd think Android would have taught them that sometimes throwing money on a bonfire is a good investment in aggregate.
Further concentration of capital’s power in the tech space is a significant issue, IMO, and painful in its own right to back out of. It will be interesting to see how we deal with this problem in the future… if we address it at all.