These companies always fail, and the reason they fail always comes down to the same miscalculation: Artificial Demand is artificial, and everyone knows it.
-
-
Natural Demand: The Keynesian Farce
-
Natural Demand: The Frozen Cage
It is "Natural Demand" that ultimately fuels innovation and incentivizes exactly the type of risk taking that ignited the rapid growth from the late 1790's through the 1890's and early 1900's.
