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Tyler Cowen - The Great Reset
Dwarkesh Podcast
The Great Stagnation Thing
Is there something complacent about the fact that big business is especially efficient and productive, or smaller firms aren't as productive? Well, it depends on the degree of contestability. So i think big businesses to day face a lot of contestability and don't just have perpetual locks over their markets. But also, our big businesses are extremely innovative. Look at amazon. They were this weird, crummy web site selling books. Now they help keep us alive. And now they're a leader in cloud computing services. Who would have thought? That's wonderful dynamatism.
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