Yup, free market is good, but based on people's wants to supply them with what they want. The downside is that something could be truly revolutionary, but too far ahead of its time and die out because people aren't at that point ready for it. It has happened many times. It's too bad that people who are ahead of the curve can't be sustained by market demand and the free market has them fail :/
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Oh for sure market timing is very important you don’t have to look far we can just look at MySpace and Friendster and then look at facebook! Unfortunately the free market is ruthless but just because a company goes belly up doesn’t mean it’s bad for the market on the whole!
New ideas are placed into the market, tested, reviews and refined while it may not be by the same company it’s still driving innovation which is ultimately what’s going to give us more benefits in the long run!