Was thinking about this topic for the nth time.
This was Take 1.
And here’s Take 2.
This was Take 2.5. Something about tycoons and how they behave.
Somewhere else I said:
“This means that oligopolies in increasing-return sectors are likely not good long-run investments. But start-ups who can think through a way to “cut them up” are. The trick is finding such needles in the haystack.”
A few good start-ups can also do something about the poverty trap.