Churn

Youth leans toward the novel, and age toward the safe. Entrenchment is the preferred strategy of incumbents. “Change is good” … unless you’re already killing it. In Google’s first decade, the company seized the search engine market, launched Maps, Mail, and Chrome. The company’s track record of abandoned projects ever since is so extensive, there’s a website dedicated to it. Stagnation? Maybe. But over that time, playing defense has earned $1.4 trillion in profit for Google’s shareholders.

Meta has been playing defense since it dropped the “The,” and every failure has made the Zuck angrier. His accumulated rage has resulted in a $60 billion fit of “I’ll show you,” despite every signal that can hold light pointing to a cosmic failure. Like … a failure of the ages. A tech failure to end almost all failures. Bad. The … Metaverse.

Tech companies aren’t the only ones that attempt to build moats at the cost of innovation. Politics rewards durability. Incumbents remain incumbents via a system that tilts toward the status quo. The U.S. House reelection rate in 2020 was 95%. The mortality rate for Americans the (average) age of our representatives is approximately 2%. Meaning, with a two year term, it will soon be a coin flip whether they were voted out or left the rotunda feet first. The result: A daily occupation of our nation’s capital (and our capital) by a group that is a cross between The Golden Girls and The Walking Dead. Our leaders are too old.

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Πηγή: profgalloway.com