[ricardobeat]

> The market controls growth

That sounds beautiful in theory. In practice, whoever has surplus capital controls it. Growth ends up a product of a few people's bets, and they can afford playing against the 'invisible hand' and making big mistakes. The human cost will be paid for by the communities where the game plays out.

[bluGill]

Many people have surplus capital. They might not be willing to risk it, but they have it. I could cash in my retirement account for example. There are a lot of people who have this cash, and some make small bets all the time. Sure to do a large development costs a lot of money, but there are a lot of small projects that cost less, and they add up. 100 people putting in $5000 wouldn't be hard to find, and that can do a medium sized project.

In short I reject your pessimism.