clarke's third fundamental theorem of welfare economics states that any sufficiently advanced socialist economy is indistinguishable from a market economy
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Why did it take Elon Musk to make SpaceX and compete with ULA? Because he's a great businessman? Or because nobody else put up the table stakes involved? The bigger the table stakes, the easier it is to make a profit; SpaceX was in many ways easier than a restaurant.
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"But investors can pool their money, and" ...and invest in Juicero or Solyndra, yes. Tesla and Amazon get unlimited investment because Elon and Bezos will use unlimited money to build *something or other* big, and the expected return on big investment is positive.
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