People underestimate how much our regressive tax structure and lax antitrust enforcement are holding back innovation. If we didn’t allow such massive wealth concentration, we'd see more competition and breakthroughs.
These days Bell and Xerox would maybe merge to "consolidate their market position" and fire half of the researchers to show cost savings at the next board meeting.
The Larry Ellison.
People have been saying that these concentration of wealth will end up hoarding our basic needs and we've seen that already with Housing.
First they come for your House, next they come for your Food.
What kind of rock are you typing under?
Germany leads in engineering and automotive tech (Siemens, BMW, Bosch). Sweden produces global tech giants like Spotify and Klarna. Denmark is a leader in renewable energy (Vestas, Ørsted). Japan? It revolutionized robotics, semiconductors, and high-speed rail while fostering companies like Toyota, Sony, and Nintendo.
The issue isn’t just tax rates—it’s whether a system allows new players to compete or just protects entrenched monopolies. The U.S. is increasingly choosing the latter.
And you can't think of anything the US innovates in?
Your evidence / anecdotes aren't really sufficient to prove the claim .