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John Quiggin's avatar

I'll need to write more about innovation. As well as the existing methods (publicly funded R&D, prizes, patents and so on), we'd need a public analogue of the venture capital model, where startups are funded to the point where (if successful) they can be acquired by a large corporation.

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Sam Tobin-Hochstadt's avatar

It is definitely inaccurate that "only Apple has ... produced anything truly innovative". Google Search was very innovative, as was Amazon's AWS, and all of those companies have produced significant innovation internally in smaller or non-customer-facing areas.

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