"Why Bell Labs Worked" [1]
"The Influence of Bell Labs" [2]
"Bringing back the golden days of Bell Labs" [3]
"Remembering Bell Labs as legendary idea factory prepares to leave N.J. home" [4] or
"Innovation and the Bell Labs Miracle" [5]
interesting too.
[1] https://news.ycombinator.com/item?id=43957010 [2] https://news.ycombinator.com/item?id=42275944 [3] https://news.ycombinator.com/item?id=32352584 [4] https://news.ycombinator.com/item?id=39077867 [5] https://news.ycombinator.com/item?id=3635489
> is massively monopolistic and have unbounded discretionary research budget
that is the case for most megacorps. if you look at all the financial instruments.
modern monopolies are not equal to single corporation domination. modern monopolies are portfolios who do business using the same methods and strategies.
the problem is that private interests strive mostly for control, not money or progress. if they have to spend a lot of money to stay in control of (their (share of the)) segments, they will do that, which is why stuff like the current graph of investments of, by and for AI companies and the industries works.
A modern equivalent and "breadth" of a Bell Labs (et. al) kind of R&D speed could not be controlled and would 100% result in actual Artificial Intelligence vs all those white labelababbebel (sry) AI toys we get now.
Post WW I and II "business psychology" have build a culture that cannot thrive in a free world (free as in undisturbed and left to all devices available) for a variety of reasons, but mostly because of elements with a medieval/dark-age kind of aggressive tendency to come to power and maintain it that way.
In other words: not having a Bell Labs kind of setup anymore ensures that the variety of approaches taken on large scales aka industry-wide or systemic, remains narrow enough.