[jmj]

> The decline in allocative efficiency should be more of a main focus — we need to throw more of our intellectual capital at understanding how to increase competitiveness and the market potential for innovative firms and technologies, in the same way that we've focused on understanding how to make better technologies.

In layman terms, it’s the age of the startup.

[gitremote]

In layman's terms, it's the age of monopolies and oligopolies. We don't have enough market competition.

Perhaps large corporations successfully lobby the government the pass laws that boost their profits while stifling smaller competitors.