Ego plays a part, but I think profit also plays its part in stymying innovation.
I'm not a staunch anti-capitalist by any means or anything like that, but I think that. more often than not, if someone can profit easily off some commodity or business, they will sit on that and squeeze it as much as possible rather than embrace alternatives that could be better in the future.
Oh, absolutely. That may be the largest factor.
Even for bullshyt vapor ware and products that are obvious rip-offs and copycats, which is so many things out there. That's why after a few years there's so much junk - most was meaningless and was a paper grab.
A CEO is only interested in getting rich first and foremost and they'll do it by selling the shyttiest, net loss for humanity products if they got to do it. They don't necessarily care about the positive contributions to society, that's a far 2nd compared to the money.
"Most of the work we do is — as the late anthropologist David Graeber said — bullshyt. It doesn’t matter. Its only real purpose is to make billionaires even more money than they can ever spend. It has no deeper purpose or reason whatsoever."
So few real innovate products out there and when you filter out all the unnecessary bullshyt people were "convinced" they "needed" or "wanted" at one point, you'll see how much nothing is more than a money grab most products are. It goes right into the waste bucket now although it was a "must have item" 4 years ago.
If all that didn't exist, man, we'd have some fly shyt rather than a waste of resources and time on shyt that serves nothing else than to make someone rich.