Linked by Thom Holwerda on Sat 30th Jun 2012 19:34 UTC
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Member since:
2011-01-28
bfr99,
"I, like the majority of Americans fail to see the problem. Apple, Google, Facebook etc have all prospered under the existing system. Furthermost there is ample money for and no shortage of start-ups for the creation of future products and services."
Where do you live?
Things have gotten much more difficult in the US and venture capital is far tighter that it used to be. That your claiming the majority of Americans have no problem makes me think you are far disconnected from typical Americans, who are absolutely not doing well. Sure a few are doing great, but I honestly believe growth of behemoth companies like google and apple has come at the opportunity cost of less growth in smaller ones. Just as local independent stores have been demolished by corporate chains, I suspect the same trend will become more evident in the tech field as it continues to mature.
Edit: A healthy industry should produce more competitors, not more consolidation. Though the patent system is just part of a much larger problem, it contributes to the monopolization of technologies, which is harmful to competition.
http://www.theeagle.com/article/20120503/BC0106/305039996
"The rate of new business startups fell in 2010 to the lowest point on record, according to an analysis of U.S. Census Bureau data.
Figures released Wednesday indicated that new companies as a percentage of all businesses dropped below 8 percent in 2010, the latest year for which numbers are available.
The rate has been falling since peaking at 13 percent in the 1980s, but the slower rate of new startups accelerated during the recession, said Robert E. Litan, vice president of research at the Kauffman Foundation, which partially funds the gathering of business data."
Edited 2012-07-02 03:35 UTC