For the last year, my thoughts have been on what you call Private profits taking off from the "Runway" of public funded innovation.
Actually we can extend this to civilisation, innovations and knowledge incrementally generated by a diverse global society.
Making a $1M is a million times quicker today than it was 1000 years ago, not because entrepreneurs are smarter, sleep less, or take riskier ventures today, but because the smartest, hardest and riskiest building blocks are already done by the global society.
Just think about it, did Bill Gates, Zuckerberg for example invent the alphabet, Hindu Arabic numerals, algebra, calculus, and millions of other such knowledge that their inventions couldn’t work without?
The question is, Is this value we should continue letting a handful of people rip divideds from or mobilise masses to demand corporations to reliquish more wealth, power, and privilege to planet and society?
Because as it is, planet and society invest in value and wealth creation as do businesses and states.
Our wealth concentration obsession is entrenched in the flawed narrative that wealth is exclusively created by businesses. Whereas wealth is the product of businesses innovating to extract planet’s resources with ‘global society’s knowledge and cooperation under governments’ fertile environment.