Start ups are gone

CHICAGO – The growing dominance of leading technology firms has occasioned an intense debate about the tradeoffs between efficiency and market power, while raising questions about what the changing structure of markets will mean for innovation and the distribution of wealth in the future. The annual Jackson Hole Economic Policy Symposium in Wyoming, organized by the Federal Reserve Bank of Kansas City, offered an excellent set of papers and commentators on the subject.With respect to efficiency and competition, there is already cause for concern. John Haltiwanger of the University of Maryland has shown that the entry rate of new firms into the market has fallen sharply, particularly over the past 12 years; and Jay Ritter of the University of Florida has demonstrated a similarly steep decline in annual initial public offerings.

OK,  but open software is still running strong, and there is lots to do on linux.  Basically we are in Moore's law catch up mode, the last jump sort of was more than we were prepared for, the huge address space, for example, allows better methods of process synchronization. And it takes time to absorb the new architecture, especially handing off much of namespace to the syntax engines. Enterprise namespace is one of the big things that happen with a 64 bit address space.