Timmy Elsewhere

At the ASI.

Yet another argument against regulation.

4 thoughts on “Timmy Elsewhere”

  1. I think you might be placing a bit too much store on stock market capitalisation, but in any case I’m not sure the argument in that paper really holds – loads of the technologies that powered the internet boom (bubble?) came from within very large companies, notably Xerox.

    Tim adds: Xerox is an extraordinarily bad example for you to use.

    For of course while they did invent many of the things, they are also famous for never actually putting them onto the market. It was indeed new firms (Apple the most famous) that actually did the getting it into the marketplace.

  2. Just imagine if Xerox had better lawyers Apple would never have existed. Got to go I have a call coming in on my iXerox.

  3. “Xerox is an extraordinarily bad example for you to use. For of course while they did invent many of the things, they are also famous for never actually putting them onto the market.”

    But that’s the point – was that really what the market expected?

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