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Can you say more about why this would be disastrous for the economy? It's not obvious to me.
Because only a complete idiot would start an ambitious company in a country where he or she would shoulder all the risks and have a near-zero expectation of keeping control in the best-case scenario, and only a complete idiot would fund a such an idiot. Innovation moves day one.
Maybe I don't get it because I'm not an entrepreneur type, but if I was starting a company it would be because I wanted a problem solved, not because I wanted to personally control something.
If there's a problem that has not yet been solved by someone else, and you believe that you can profitably solve it, you'll probably also believe that you need to continue steering the ship — and assuming you're right about the first thing, you're probably right about the second
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