Just like renewable energy and so many other things. Hyperconcentration of capital is really tragic. I hope things turn around.
replyThey will. That's the fallacy of the "S-curve" everyone likes to commit these days actually giving a positive outlook.
replyAssuming it won't get to full RSI, the current approach will burn out - most likely economically. The race slows down, people branch out, look back, start picking up the "untapped potential"/low-hanging fruits, and you have new S-curves launching in place of the one that just tapered off (hence a fallacy - a stack of S-curves adds up to continuing exponential growth).
In other words: it comes and goes. Hyperconcentrated capital will eventually deconcentrate.