The entrepreneur who most closely resembles a Rand hero couldn't have done it without government loans and subsidies. That should tell you something. Markets d

The entrepreneur who most closely resembles a Rand hero couldn't have done it without government loans and subsidies. That should tell you something. Markets do some things very well. Hard core innovation isn't among those things. If anything, really deep and difficult innovation requires shelter from market forces, since market forces always pull toward short term thinking and delivering what people already want. There is never a market for something genuinely new-- such markets must be bootstrapped.