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I think you're reading this suggestion more ambitiously than I intend. I'm just saying that financialization has eaten up more and more of the economy while providing a dubious return on investment and creating a large NYC-based elite, and that anything startups can do to bid the costs of financing businesses down will probably help.



That's actually pretty much what I understood you to mean (though I actually read it more narrowly than that). What I'm saying, broadly, is that the "large NYC elite" has achieved regulatory capture to the point where it is effectively impossible for any startup to enter the market. This is the reason that they can continue to eat up more and more of the economy while providing a dubious ROI.




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