Not every business has room to grow by a factor of 1000 or 100 or even two though. Some of them are close to the largest and most profitable they are ever goin

Not every business has room to grow by a factor of 1000 or 100 or even two though. Some of them are close to the largest and most profitable they are ever going to be. I think the criticism of Wall Street is usually that they can't leave those companies alone, and have a compulsive need to squeeze what looks like exponential growth out of them through cheap trick like cutting staffing levels and shaving R&D budgets, at the expense of long-term viability. Th other side of the coin with regard to "economic dynamism" is robustness against systemic shocks. See for instance this company [1] which started over 1000 years ago, and due to its lack of "dynamism" has cash on hand to survive indefinitely with no revenue - a property that turned out useful when a global pandemic disrupted their operations. Wall Street investors get absolutely no credit from me for expecting to wait ten whole years for their absurd, physics-defying hypergrowth. When they are lining up to fund a stand that will make mochi by hand for the next 1000 years, then I will concede that they may have learned a bit about long-term planning. [1] https://www.nytimes.com/2020/12/02/business/japan-old-companies.html https://www.nytimes.com/2020/12/02/business/japan-old-compan...