“ A fundamental way to put the point is this: A lot of our recent innovations are “private goods” rather than “public.” Contemporary innovation often takes the form of expanding positions of economic and political privilege, extracting resources from the government by lobbying, seeking the sometimes extreme protections of intellectual property laws, and producing goods that are exclusive or status related rather than universal, private rather than public; think twenty-five seasons of new, fall season Gucci handbags.”
Tyler Cowen, The Great Stagnation.
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