Originally posted by Velociryx
No attempt made. People come up with ideas for products all the time. That doesn't mean that they are good ideas. Corporations are paying more and more for product development and marketing and starting to get diminishing returns. These ideas are getting expensive, especially when they are bad ideas like New Coke.
Something we agree on! THAT rocked, Kid!
I agree that ideas can be varying degrees of successful, but I have seen no evidence that there are "fewer ideas" out there, or that they're coming at a slower pace. Do you have a source, or just sorta....winging it?
No attempt made. People come up with ideas for products all the time. That doesn't mean that they are good ideas. Corporations are paying more and more for product development and marketing and starting to get diminishing returns. These ideas are getting expensive, especially when they are bad ideas like New Coke.
Something we agree on! THAT rocked, Kid!
I agree that ideas can be varying degrees of successful, but I have seen no evidence that there are "fewer ideas" out there, or that they're coming at a slower pace. Do you have a source, or just sorta....winging it?
That breaks it down between industry and govt. There was a tremendous increase in R&D after WWII. That peaked in 1964, and has decreased quite a bit. Industry R&D has increased steadily since the 40s. It's now almost 2% of GDP. As far as successful product development I don't know about that, but it stands that industry R&D is earning diminishing returns to GDP.
I'm not sure what you are getting at. Of course the workers are part of the market. The market in the domestic economy is already saturated though. That's one reason why globalization is increasing profits. The other reason is the increased exploitation of workers.
What I'm getting at is that what you said initially (Actually by "markets" I was refering to places to sell goods and services which are currently produced.) isn't what you said just now (which is a re-phrasing of what I pointed out). Nor is there any particular evidence that the "domestic market" is saturated. Signs that this were true would be a dramatic slowdown of new construction of market-devices here (new car dealerships, malls, ext...) but this is not what is occuring. Again....do you have a source, or just using it cos it sounds good and supports your position?
What I'm getting at is that what you said initially (Actually by "markets" I was refering to places to sell goods and services which are currently produced.) isn't what you said just now (which is a re-phrasing of what I pointed out). Nor is there any particular evidence that the "domestic market" is saturated. Signs that this were true would be a dramatic slowdown of new construction of market-devices here (new car dealerships, malls, ext...) but this is not what is occuring. Again....do you have a source, or just using it cos it sounds good and supports your position?
Ok, what was the rate of successful product development during the Great Depression?
I have no idea, nor do I consider it to be important. Everyone who studies economics knows that an economy is a cyclical beast, and during the bad times, innovation can be expected to drop.
I have no idea, nor do I consider it to be important. Everyone who studies economics knows that an economy is a cyclical beast, and during the bad times, innovation can be expected to drop.
This in no way changes the fact that the general trend, over time, has been a dramatic increase in innovation, nor does it offer even a shred of evidence that the rate of innovation has reached a peak and is on the verge of decline.
I don't know what the rate of innovation will be in the future. Know one can know that. But technological innovation is only one of the possible constraints to profit.
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