Re:Why I Quit Google’s WebAssembly Team, and How It Made Me ...
by chii on Wednesday May 11, 2022 @07:52PM
(#31347531)
> best way to increase the absolute value of your assets is to encourage large scale societal innovation
but from a company & shareholder perspective, this sort of societal innovation and improvement is not privately capturable. Back in the 70-80's, Bell labs did this sort of innovation, but they were funded directly via a gov't subsidy (because they are given a monopoly on telecommunications), and so management didn't have to care that the expenditure on R&D returned profit, as long as it is innovative.
I wish we could return to those days, but i dont believe it is possible today.
but from a company & shareholder perspective, this sort of societal innovation and improvement is not privately capturable. Back in the 70-80's, Bell labs did this sort of innovation, but they were funded directly via a gov't subsidy (because they are given a monopoly on telecommunications), and so management didn't have to care that the expenditure on R&D returned profit, as long as it is innovative.
I wish we could return to those days, but i dont believe it is possible today.