In the real history of the real modern world, change has been jolted forward again and again by people like Nolte, who in their dice-rolling bids to make massive profits disturb existing equilibriums by introducing new elements. The new elements they introduce as levers of dominance might be technological innovations, but entrepreneurs rarely create these innovations themselves. Instead, they figure out how to reap their benefits in order to rip market share and profits away from other capitalists who are invested in status-quo technologies and staler business models. They are architects of
...more
