[DDTempest]

Originally Posted by Mr. Blonde

The Low-Down: Contrary To Popular Belief, Few Small Businesses Innovate

So the most important line in this article for me seems to be:

Decades of economic theory "usually considers entrepreneurs" as people who "innovate and render aging technologies obsolete"

These aging technologies are in industries that have become monolithic ... vast empires if you will ... for example, telephone companies. Land lines are a couple of decades from being completely gone, few people keep them in their homes because it's a redundant cost. Fortunately a number of telephone companies have worked their way into cell phones / internet providing, but for every phone company keeping pace (while still thinning irrelevant jobs) there is a post service thinning jobs year after year in a shrinking industry that will never turn around. What sort of economic endgame is even possible in a world where the population continues to spiral upwards and new technologies are constantly popping up removing the jobs, relevance, and profitability from older companies?