yes, in terms of angel investment and investors willing to make risky bets but also "super-no" in terms of publicly traded organisations, The worst excesses of the market just plays "number goes up" via price gouging or rent seeking while using their "at any cost" capital to buy out any emerging competition and transforming it into the same dire pattern.
In practice I would argue that any system has its positives and negatives and the top end (publicly traded organisations) of the American system can be quite disgusting at times by taking solid business models and squeezing them until they're a former shell of themselves. All while stripping back further investment or maintenance and ignoring every warning or employee protest until the trains fall off the tracks and poison an entire town.
yes, in terms of angel investment and investors willing to make risky bets but also "super-no" in terms of publicly traded organisations, The worst excesses of the market just plays "number goes up" via price gouging or rent seeking while using their "at any cost" capital to buy out any emerging competition and transforming it into the same dire pattern.
In practice I would argue that any system has its positives and negatives and the top end (publicly traded organisations) of the American system can be quite disgusting at times by taking solid business models and squeezing them until they're a former shell of themselves. All while stripping back further investment or maintenance and ignoring every warning or employee protest until the trains fall off the tracks and poison an entire town.