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Stefan MolyneuxAn Irish-born Canadian blogger,

Stefan Molyneux's

areas of interest include anarcho-capitalism, secular ethics, libertarianism, cryptocurrencies, and familial relationships.

About Stefan Molyneux

The Absolution of Innovation

By Anthony J. Mountjoy | Fri, 01 Jul 2016 08:00:00 EST


The Absolution of Innovation
Lately, technology seems to be destroying the business models of an ever expanding range of companies in ever broadening industries.

Hooked on arguments of efficiency and financed by a corrupt exchange system, tech companies first cannibalized their own long ago, then music, movies, books, department stores, mom and pop boutiques , farms, taxis, and you might be next. Rather than making technology to improve the capacity of the family farm, we instead see it smoothing the road for corporate control. Even the internet, the ultimate peer to peer network has been dominated for years now by the biggest mega-corps one can imagine.

The vast majority of the user generated content is whole sale copyright infringement that serves the search engines and ad companies so where is the incentive to fix the problem? This is not the dream we all had in mind in the 90's when we popularized this monster but it was the nightmare many of us feared. When we abandon any respect for the past, for legacy, for prior investment or production because we are too anxious to get on with new production or replacing yesterdays idea with today's we often lose more than we gain. Even a less than perfect solution might be economical given the circumstances. Change for change sake is expensive and sometimes insulting to men and women who have done things for a reason we may not understand and they deserve their time. They deserve to matter for as long as their narrative can sustain.

Our young business class would be well served to remember they won't be young forever and that the best game involves as many players as possible with respect and prestige for its paragons. If tech companies are harming other industries and getting rich doing it, I wonder how long they will be able to hide behind their arguments about innovation to do so. When your family struggles to pay bills because Amazon or a distant company like them puts your local retail outlet under by manipulating industry wide trends their lobby money encourages; I wonder are many websites really an innovative at all, or are they just an opportunistic convenience. One that hurts a lot of people in the "middle" of an industry companies like Amazon and Uber didn't create, but certainly exploit.

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Often the greatest evils are simply a small mutation of something quite wonderful. Thus is the tragic story of Socialism.The Good Son Collaboration and His Evil Twin Socialism
Often the greatest evils are simply a small mutation of something quite wonderful. Thus is the tragic story of Socialism.

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It used to be that a business owner was qualified by business sense or horse sense rather than educational background. Given our record level of Canadian house hold debt, perhaps this hasn't worked out.

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