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Edmund Phelps on Mass Flourishing

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Is It More Profitable Than Than Innovating?

I think this means that the cityos are a ta see that lobbing is more profitable than than innovating. And that's just devastating to we do that across the whole economy, absute right now. The outsiders, the upstarts. Wwho would have who would the guys who would have been start up anpiners? A, they're doing less of it because there are fewer entry ways into the established try industries. So, o, it just seems to me that at every turn we're digging ourselves ourselves into a, into a non innovative hole. It's not theo, it's not the exl relations, that's just the frameworks. That's a huge

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