Econ question: So, there's a common claim that private firms don't "think beyond the next quarter." Is there evidence for this? It's very easy to think of counterexamples, but maybe I'm just cherrypicking?
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I bring it up because I'm reading a paper which says private firms don't have the foresight to invest in future space stuff, but the private firms I can think of have been throwing money at longterm problems for ages. Blue Origin started in 2000!
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Replying to @ZachWeiner
As far as I can tell people can think long term, but firm most public and private companies, and most governments, don't. So anywhere you see long term planning, you'll see founders and officers pushing against the natural incentives of their positions.
6:04 PM - 4 May 2020
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