Mannerisms

For the last 100 years the biggest contribution to industrial innovation has been the electronics industry.

For the last 60 years the biggest contributor to innovation in electronics has been microelectronics.

For the last 20 years, the biggest single market for microelectronics, the computer market, has been dominated by Microsoft and Intel.

With Microsoft and Intel taking around 90% of the profits of the computer industry, there has been little opportunity for other companies to make profits in the computer market.

Without profits from the computer market, other chip companies have had slim pickings from which to invest in microelectronics R&D.

And without profits from the computer industry, VCs have felt progressively less inclined to back start-up microelectronics companies which target the computer market.

So innovation stalls.

As innovation always stalls when governments allow over-mighty corporations to dominate markets.