Modern airlines resulted from a long string of innovations and inventions, just as any major industry did. Even “the light bulb” is very different from that which Edison developed. Others improved on it.

Cell phones are a very successful compeitor to AT&T. Cell phone are even competitors to Palm Pilots, email, and movie theaters.

As long as there are markets and competition, there will be innovation. There is always competition for ideas. Those ideas are based on the ideas of others. Companies that don’t embrace change are those that end up in the corporate graveyards.

The only way innovation will die away is if all countries suppress markets Barring that, those nations that suppress economic freedom the least will be the ones that prosper and spur inventors to build a better mouse trap.

Has Microsoft managed to throttle google? No.

How many of the blue chip companies that comprised the S&P500 index 50 years ago still exist? Probably less than 50%.

Is the internet censored in western nations, apart from kiddie porn and terrorist sites? No.

Can the powers that be prevent the truth about the exploitative nature of our monetary system leaking out to wider and wider audiences? They can try but ultimately they will fail.

Technological innovation has never ceased in human history and there is no reason for it to do so now.

Doom and gloom about our economic future is well justified but to try and pile on nonsense about deliberately supressed technological innovation is not. It will be new technology of one form or another that pulls us out of the coming slump.