Rat and Mouse
Thu
07
Jan
The property market's to blame... for everything

Where's the business and technological innovation? asks The Business Insider. Why no cure for cancer?

What’s gone wrong? Much of the lack of innovation can probably be blamed on the malinvestment that resulted from the housing boom. It’s not just that too much funding got directed into housing—too much human capital got directed into housing and finance during the boom.

Jeez... sorry.

It's an American article, and it's very interesting... making the point that quick killings in the entirely illusory (residential property-based) debt market were much more attractive than difficult decisions funding technology start-ups in a post dotcom-bust era. But look where it got us. (Nowhere.)

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