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Bill Janeway | Venture Capitalism and the Future of the Innovation Economy

Hidden Forces

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The Role of the State in Building and Rebuilding the Economy

In the early 1900s there was a real concern that we would run out of food. We already have been through that in 100 years of economic growth driven by vast productivity increases initially both in manufacturing and in agriculture. You could see this pattern again and again and again from the railroads through electrification and on to the world of the automobile, highways and then the computing internet revolution. And again and again you could see this kind of unplanned collaboration between governments driven by some kind of mission or politically legitimate mission but also financial speculators always looking for some opportunity for super profit. So this interplay, this is what I call the three player game, this interplay between the mission driven state

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