Hypothesis: above a certain min living standard, per-capita creativity is constant and big populations beat smaller ones by network effects
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. Population size determines max potential. Network effects determine realized potential.
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where does a small market with network effects - beat a large one without ? (Note network effects != connectivity)
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When the small market is a population of black swans of some sort perhaps? A few 1%ers can probably start a war.
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doesn't world-wide mobility offset this to some extent? SV attracts many of best innovators from other countries.
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World-wide mobility is VERY low. Less than 3% of population will ever travel outside their country of birth
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