I mean, I’m pretty sure it fails down when the theory relies on people willing to burn capital solely to stick it to someone else. That’s less like innovation a

I mean, I’m pretty sure it fails down when the theory relies on people willing to burn capital solely to stick it to someone else. That’s less like innovation and investment and more like warfare. It also runs counter to all observed behavior. A lot of these regulatory barriers can be overcome by money and we don’t see disgruntled people/groups banding together to provide services or goods at a loss