Tag Archives: Quotations innovationdriven technological entrepreneur

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[I]n an innovation-driven capitalist economy there are no level fields. Crucial new ideas, decisively superior to the competition, always establish monopolies, allowing the entrepreneur and his investors to extract “inordinate” profits to compensate for extreme risks. These momentary monopolies dissolve under the next technological advance–that is, unless government steps in to freeze the players in place. Bret Swanson and Richard Vigilante
From ‘Unnnatural Monopliies’ by in The American Spectator’s annual Summer Reading issue, 2001