Re: Bullshit
Wise words, indeed.
Taking forward the theme of corporate sluggishness and complacency after the entrepreneurs have left (e.g. BOEING, Microsoft, Apple, and Intel), suggests rethinking the respective roles of market-capitalism and of public/private ownership.
For instance, Richard Wolff (the prominent Marxist economist), someone to whom I listen with interest, advocates industry and commerce being placed into ownership by workers' co-operatives. I profoundly disagree with that, if it is posed as a blanket solution to many present day ills.
However, I consider it a sensible imposition on companies which have passed their stage of innovative fervour, and now mostly churn out 'widgets' (or software) into well-established markets. The supposed 'democracy' of co-operatives works in that context, despite 'democracy' overall being an agency for maintaining an unimaginative status quo in the interests of powerful, mainly self-seeking, individuals.
Yet, we must look to imaginative entrepreneurs, people willing to place their own skin in the game, to seek new opportunities for productive enterprise; albeit under well-regulated market-economics instead of its debased current ethos enshrined in neoliberalism and the psychotic thinking of the late Ayn Rand.
Taking further the matters raised in your final paragraph, yes, there is the potential for global intellectual/commercial renaissance. A key enabling factor will be the removal of ideas, and the means to further them in practical applications, from walled-gardens: abandon so-called 'intellectual property' (IP) and replace it with entitlement to attribution. The collapse of IP and rentier economics is already in progress: it largely the result of technological advances involving the digital representation of data and their ready access via the Internet. BRICS will hasten the economic revolution. Cottage industries shall replace behemoths, and thrive.