Capitalism can work well when it’s coupled into a virtuous circle of funding R&D to create new products and services to increase income to put back into more R&D.
At the moment it seems that a lot of companies are just trying to seek ever increasing rent extraction on existing products rather than investing in trying to innovate and relying on high barriers to entry to keep competition out.
Capitalism can work well when it’s coupled into a virtuous circle of funding R&D to create new products and services to increase income to put back into more R&D.
At the moment it seems that a lot of companies are just trying to seek ever increasing rent extraction on existing products rather than investing in trying to innovate and relying on high barriers to entry to keep competition out.