Elon Musk is the subsidy king

I hate this country's people with a passion

  • BigLadKarlLiebknecht [he/him, comrade/them]
    ·
    3 years ago

    💯 on the innovation stuff. I think the current stage of capitalism and VC funding has heightened this. Large corporations are often effectively outsourcing R&D to startups who exist solely to be acquired - not to actually become viable businesses in themselves. In turn it incentivises short term thinking for innovation, as startups have to move quickly to gain and keep funding, producing snake oil to keep the gravy train going. Of course there are exceptions to this, but it seems like a growing trend - larger companies externalising risk and costs from their bottom line, and getting a PR splash when they buy a “hot” startup.