Schumpeter's (and Marx's) chickens finally coming to roost? Innovation and productivity growth are not typically not sustainable--especially when capital (who may be tired old innovators) buys out (new) innovators. Once they do, they can rely... 1/https://twitter.com/Noahpinion/status/1037373394059059200 …
This is not an all-or-nothing problem. There seems to be a general trend towards oligopolization, regulatory capture and cost disease, but there are also small and large disruptive trends that enable the spread of actual innovation.