>>like finding a gold nugget. It just doesn't happen very often
>survivors prove the op's premise wrong
Nobody said it was impossible, except you. Recharacterizing a statement so you can knock it down is called a strawman fallacy. You may have heard of them.
You actually point out many examples that reinforce my point. Extremely poorly run companies like Yahoo, Sears, AOL, they're all still around. Microsoft has been poorly run for nearly two decades. It is still here. MS long since lost the server market to Linux, but that didn't stop them from throwing wrenches by proxy with SCO. MS failed miserably trying to approach the smartphone market, but that doesn't stop them from collecting licensing fees on every Android phone sold. Oracle too is trying aggressively to collect some of that Android lucre.
That's how the system works. It's winner take all. Pareto distributions everywhere. Quality products, services, and businesses are wiped out and destroyed by the rent seekers. Long after the rent seekers ceased to be productive contributors to the system, their bloated zombie corpses carry on, sucking the life out of anything new that was lucky enough to survive.
> You can't start a GPU company because they are the GPU Mafia. They'll run you out of business...
You seem pretty emphatic that it's impossible. Also, before you call Nvidia a rent seeker you might wish to look at the amount they spend on R&D and what they're doing in self-driving cars and deep learning.
>survivors prove the op's premise wrong
Nobody said it was impossible, except you. Recharacterizing a statement so you can knock it down is called a strawman fallacy. You may have heard of them.
You actually point out many examples that reinforce my point. Extremely poorly run companies like Yahoo, Sears, AOL, they're all still around. Microsoft has been poorly run for nearly two decades. It is still here. MS long since lost the server market to Linux, but that didn't stop them from throwing wrenches by proxy with SCO. MS failed miserably trying to approach the smartphone market, but that doesn't stop them from collecting licensing fees on every Android phone sold. Oracle too is trying aggressively to collect some of that Android lucre.
That's how the system works. It's winner take all. Pareto distributions everywhere. Quality products, services, and businesses are wiped out and destroyed by the rent seekers. Long after the rent seekers ceased to be productive contributors to the system, their bloated zombie corpses carry on, sucking the life out of anything new that was lucky enough to survive.