". . . the existential challenge of today's capitalism is to break the habit of both companies' and governments' reluctance to encourage innovation, despite their words.
Schumpeter's 'perennial gale of creative destruction' has been replaced by the gentle breezes of rent-seeking. Corporate managerialism is gradually squeezing the life out of enterprise as big companies in cosy cahoots with big government increasingly dominate the scene." . . .
". . . The economist Luigi Zingales argues that most of the time 'the best way to make lots of money is not to come up with brilliant ideas and work hard at implementing them but, instead, to cultivate a government ally."
-Matt Ridley, How Innovation Works: And Why It Flourishes in Freedom
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