Following up on the previous post … in the great monopolies of the 20th century, IBM and Bell Labs, to name the big players, maintained great laboratories of innovation. If they were going to be monopolies, they wanted the public to feel they were benefiting from it. We’re still benefitting from much of the innovation today that has come out of those two monopolists in the 20th century.
The robber barons of the 21st century will captivate the public imagination with space travel, supersonic transport, electric cars, and other wonders. They will do their best to bring us the future we were promised, so we will also remain happy with our monopolies and accept their political power.
There has to be a balance. I don’t believe the economic and social policies of the 20th century will achieve what we
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