Innovation Lifecycle
Arjun explores the evolution of innovations from unique breakthroughs to public utilities, illustrating this journey with examples like fusion reactors and the Internet. He highlights how certain goods, particularly in the payments sector, remain commoditized despite high transaction fees, due to deliberate regulatory barriers that protect established players like Visa and MasterCard from disruption. The conversation delves into the implications of this lifecycle on access and competition in various sectors.In this clip
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