>Contrary to the conventional view of an American economy bubbling with innovative small companies, the reality is quite different. The rate at which new businesses have formed in the United States has slowed markedly since the late 1970s. Big Tech’s sweeping patents, standard platforms, fleets of lawyers to litigate against potential rivals and armies of lobbyists have created formidable barriers to new entrants.
Eh... nice try on that stolen base. The internet, which is what drives "big tech", wasn't really an economic force until the mid '90s. If business formation has slowed since the '70s it's more likely to be a result of rise of the regulatory state. You can't do anything without a permit any more, something that wasn't true in 1970.
Eh... nice try on that stolen base. The internet, which is what drives "big tech", wasn't really an economic force until the mid '90s. If business formation has slowed since the '70s it's more likely to be a result of rise of the regulatory state. You can't do anything without a permit any more, something that wasn't true in 1970.