He tries to answer the question, why startup doesn't bring economic growth. The apparent answer is globalization and the downstream production being offshored.

He tries to answer the question, why startup doesn't bring economic growth. The apparent answer is globalization and the downstream production being offshored. The real reason is far more than national policy but much simpler that he alluded to. It is the natural drive of capital. Where it bleeds it leads, capital flows to where ever it can generate the profit with the most efficiency, which has driven the production system globalization, as the labor in developed countries no longer produce the best ROI, except for startup.