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There's no shortage of capital, there is a shortage of risk taking. It's a coordination problem. The mechanisms that regularly work on this (politics, markets)
by pas 5y ago
There's no shortage of capital, there is a shortage of risk taking.
It's a coordination problem. The mechanisms that regularly work on this (politics, markets) are not as effective as they could be, because of interdependencies, blockages, ideologies, etc.