re: #374 Naso Tang

Yes and no. Old companies dependent on intellectual property with zero hard capital value, like Silicon Valley software or restaurant concepts, do disappear. Businesses with hundreds of billions in territory and equipment assets, evolve or merge, or invent.

The only way oil companies will go out of business tomorrow is if the LHG discovers a new principle that allows us to build a fusion reactor in the space of a Hummer (I was going to say VW, but I decide to stay nationalistic).

You’re absolutely right. Just like the steel industry in the US. And the US auto industry. And the US milling industry at the turn of the century. And the…

oh wait, nevermind…
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