Nobody Likes Innovation
by Handsome Matt
Yesterday I watched a video from Shai Aggasi, that I had posted in an earlier article. He made an interesting point that Europe will be the first area to stop using gasoline powered cars, China and India would soon follow suit. Europe through economical reasons (electric and alternative fueled vehicles are cheaper there) China can simply declare that cars will no longer be used in China, and for India electric cars offer an increase in range and mobility.
But in the United States, the whole system is reversed and the rewards go the wrong way.
Which brings up something interesting:
Free markets are supposed to be the birthplaces of innovation. The best products, best companies, and such win out. If you can make a product better, faster, cheaper or any combination of those three you win.
But if we’ve learned anything as of late. That’s not the case at all.
If too big to fail taught us anything, it’s that our markets are hardly free. Rather the power is concentrated in the hands of a few very powerful, very rich, very well connected players.
Innovation is a threat to the status quo. Meaning the big dogs will move very quickly and decisively to stifle innovation. And will use whatever means they have to annihilate the opposition.
As long as we have these large, well-funded politically connected organizations; then a free market doesn’t exist.