> there are fewer and fewer worthwhile projects with reasonable returns Or the projects now require less capital? The industrial revolution relied on machines

> there are fewer and fewer worthwhile projects with reasonable returns Or the projects now require less capital? The industrial revolution relied on machines and processes that were incredibly capital intensive. In today's dollars, you could easily spend millions of dollars just to get started. In the information revolution, a thousand dollar computer can set you down to road to a very successful enterprise. As such, there is lower demand for capital.