How superstar companies like Apple are killing America’s high-tech future (interview of William Lazonick)

By Lynn Parramore

Few would argue that America’s fortunes rise and fall on its ability to put ideas to work and then bring them to market. William Lazonick, professor of economics at the University of Massachusetts Lowell, and Matt Hopkins, research associate at the Academic-Industry Research Network, have investigated what has gone wrong in America’s approach to innovation. Lazonick shares findings from two recent papers that are part of the Institute for New Economic Thinking’s project on the Political Economy of Distribution.”…

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