The Evolution of Venture Capital and Its Impact on Innovation

This chapter examines the historical development of the U.S. developmental state and its influence on technology and corporate structures, especially post-World War II. It contrasts the shift from sustainable investment practices to a focus on shareholder value, highlighting detrimental corporate financial strategies, particularly in the technology sector. The discussion critiques the long-term consequences of such practices for innovation and public welfare, with a specific focus on companies like Apple.