Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

Piero Formica

In the games played on the innovation field it can happen that the winner takes all. The market power of the new monopolist is liable to cause severe disparities in the distribution of income and wealth. Growing inequalities occur not only between individuals; even businesses are affected. Those among them who raise high monopolistic barriers can get returns on investments made several times higher than the median values. Epicentres of value creation, cities are faced with a narrow path traced by innovation between progress and inequality. How to take it? On the wake of Schumpeter, they should not worry about the new monopolies. Their strength would fall in the face of strong pressures from potential competitors, firmly determined to enter the most promising emerging markets. Therefore, the best strategy would be to let the market take its course. And if monopoly profits of the incumbents withstood the attacks? In short, what if the markets were not as efficient and equitable as one might expect?