I found the thesis interesting and plausible: that innovation is fetishized.
But on a slight tangent I wondered whether the "innovation" that they complain about is a particular variant, one that we're all familiar with here: a pseudo-libertarian start-up variant
"Innovation ideology is overvalued, often insubstantial, and preoccupied with well-to-do white guys … in a small region of California"
It seems easy to argue against this tired representative of innovation.
By contrast there are those that would argue that most of the major technological and scientific gains have arisen, not from these VC hype-machines, but from large-scale state planning and investment. One of the best expositions of this argument is from economist Mariana Mazzucato: https://www.youtube.com/watch?v=yPvG_fGPvQo
But on a slight tangent I wondered whether the "innovation" that they complain about is a particular variant, one that we're all familiar with here: a pseudo-libertarian start-up variant
It seems easy to argue against this tired representative of innovation.By contrast there are those that would argue that most of the major technological and scientific gains have arisen, not from these VC hype-machines, but from large-scale state planning and investment. One of the best expositions of this argument is from economist Mariana Mazzucato: https://www.youtube.com/watch?v=yPvG_fGPvQo