Your analogy is apt. In both cases, excess capital drives unsustainable business models. In the case of solar panels, we *all" owe a debt of gratitude to China

Your analogy is apt. In both cases, excess capital drives unsustainable business models. In the case of solar panels, we *all" owe a debt of gratitude to China for commoditising a market that we all needed. It's industrial policy, yes. But even more because the product is strategic in other ways too. In the case of Deliveroo and the like, it's another example of capital markets still haven't figured out how to price the capital / tech-growth new calculus that started with Amazon. Deliveroo may turn out to be a harbinger, or markets may revert to dumb credibility in eventual tech-growth.