markets may not be the best structure for disruptive innovation

• Are markets not the best structure for deep innovation?

• Many of the most revolutionary innovations were created by governments

• Market are better at solving and finding unknown whats
  • VC is not going to put money in revolutionary, but uncertain long term project
    • VC looks for (relatively) short-term opportunities to exploit
  • Nuclear fusion and other important innovations require investment too large on too long time scales (for the market to be involved)
  • Markets are better able to explore different options at the edges (unknown), and find the best solution
• Central organizations better to solve known whats (that require large investments and long time horizons)
  • Examples of internet, the Manhattan Project, NASA

Created on: 2021-04-26 Inspired by: Daniel Schmachtenberger Link: https://www.youtube.com/watch?v=YPJug0s2u4w&t=5966s Related: [[ economics ]] | Book - Doughnut Economics by Kate Raworth