We should crowdsource a list of all the potential reasons the United States has become less innovative. I'll start: - Weaker patent protection - No existential threat to incentivize innovation (USSR) - Falling testosterone - Social media changing incentives
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- Overfinancialization of our economy (hedge funders make more money than inventors and engineers) - We've found all the good ideas already - Manufacturing has left the United States What else????
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Replying to @Molson_Hart
I'm about as bullish as it gets on US Tech. Half my investment portfolio is in just US tech stocks (hardware and software). We're the envy of the world there - when's the last time you opened up a French app on your American iPhone?
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Replying to @danyay @Molson_Hart
If you traveled anywhere in the world, what would your sequence of tasks be? Airbnb for a place to stay. Uber/Lyft to get around. Google Maps to know where you are. Yelp to find a good restaurant. Apple Pay for contactless payment. All American tech companies.
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Replying to @danyay
Perhaps I haven't been opening up any French apps but I have been opening many Chinese ones and even if I don't use them all the time the American companies whose apps I do use copy Chinese apps all the time. Yelp is like what 25 year old tech? Maps is cool. Uber is cool.
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Airbnb is old tech. Apple pay works like shit compared to China. Has innovation gone to zero? No, but it definitely seems to have slowed wayyyyyy down, especially in hardware.
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