Technology

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How China has ‘throttled’ its private sector (www.ft.com)

submitted 1 month ago by [email protected] to c/[email protected]

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"Venture capital finance has dried up amid political and economic pressures, prompting a dramatic fall in new company formation"

Posted in technology as most of the funded companies are into technology. The most shocking piece is arguably the number of funded company pear year with a clear peak in 2018 which is 50x (!) more than last year, 2023.

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[–] [email protected] 1 points 1 month ago

I... agree but isn't then contradicting your previous point that innovation will come from large companies if they only try to secure monopolies rather than genuinely innovate?

Nope.

I don't understand from that perspective who is left to innovate if it's neither research

Who said there's no more research?

not the large companies... and startups don't get the funding either.

Both are, on average, just doing boring work minorly translating research in the hope to become more monopolistic, just at different levels of the good chain. The former eats the latter.