"There is abundant evidence that over the last 20 years, American firms have shifted from an innovation mindset to one that focuses more on rent seeking. First and foremost, has been the marked increase in lobbying expenditures, which have more than doubled since 1998, especially in the tech industry. Firms invest money for a reason. They expect a return.It seems like they are getting their money’s worth. Corporate tax rates in the US have steadily decreased and are now among the lowest in the developed world. Occupational licensing, often the result of lobbying by trade associations, has increased fivefold since the 1950s. These restrictions have coincided with a decrease in the establishment of new firms.If your industry is more focused on protecting existing markets than creating new ones, that is one sign that it is vulnerable to disruption....As Bain pointed out a decade ago, the extreme measures taken after the Great Recession led to a superabundance of capital, which paved the way for the highest profit margins in half a century. Now it seems that the era of easy money and easy regulation is ending, making it a near certainty that more frauds will be exposed.We need to learn the telltale signs that an industry is being disrupted. Once technology begins to mature, we can expect consolidation, rent-seeking and regulatory capture to follow. [Recordar a 1ª Lei de Cruz sobre a concorrência em "A minha primeira lei sobre a concorrência?"] After that, it’s just a matter of how much time—and how big the bubble gets—before everything bursts."
Trechos retirados de "4 Signs Your Industry Might Be Disrupted"
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