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RE: A short video on the reality of wealth distribution in the US

in #economics8 years ago

Okay. I should restate. "Truly unique innovation is either quashed or co-opted by plutocrats."

Also, much of the wealth of those firms comes from taking others' ideas. E.g., Apple & Xerox, Facebook & Livejournal, etc. Google initially became dominant because of their advanced search algorithm and Microsoft because of their innovative OS. But, since that point much of their work has been derivative. Of the above, I'd give Google/Alphabet the most credit for building creative solutions.