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

submitted 1 month ago by utopiah@lemmy.ml to c/technology@lemmy.ml

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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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[–] utopiah@lemmy.ml 1 points 1 month ago (1 children)

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? I don't understand from that perspective who is left to innovate if it's neither research (focusing on publishing, even though having the actual novel insight and verifying that it does work), not the large companies... and startups don't get the funding either. Sorry if you mentioned it but I'm now confused as what is left.

[–] TheOubliette@lemmy.ml 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.