Value creation isn't a zero sum game. Increased productivity benefits everyone. Whether it hyperscales or not, genuinelyprofitable businesses add value to the economy. This in turn creates more opportunities for everyone willing to participate.
"Value creation" is not the same as the monopolistic paradigm of a winner-take-all 100m race. Hyperscaling is a system where potentially profitable businesses are destroyed because they weren't profitable ENOUGH for some singular VC investor class.
I agree with you that profitable businesses add value to everyone's lives, but there's a maximalist limit to the relationship where they start extracting value and opportunity overall.
Similarly, almost all of the track and field athletes always cross the finish line, regardless of placement. If your business is genuinely profitable, you should do the same. You don't have to be gold medalist if it means compromising your vision or values. If you object to the whims of investors, it may be better to focus on things you can build without their assistance. It isn't as glamorous and it may not make you a billionaire, but it does hone your ability.
Frankly, not all of the VC sphere is focused on value creation. Much of it seems focused on buzzwords and vaporware. Success in the VC world might mean keeping the hype and promises of hyperscale performance rolling long enough to successfully dump on retail. Sure, VCs and founders profit, but is it genuine value creation?
It is a symptom of an overly financialized economy. We should distinguish these cynical scenarios from genuinelyprofitable value creation.
> Value creation isn't a zero sum game. Increased productivity benefits everyone. Whether it hyperscales or not, genuinely profitable businesses add value to the economy. This in turn creates more opportunities for everyone willing to participate.
Your comment contradicts the "hyperscale or bust" mentality. Hyperscale is not a necessary condition to be competitive. You can put out a better product/service even before economies of scale are reachable. In the meantime, this hyperscale nonsense is nothing more than cargo cult mentality where the need for a sustainable business model is replaced with hand-waving and mindlessly repeating "hyperscale" as a mantra, which has been the death of countless startups.
That doesn't seem in any way relevant to the point about survivorship bias. Nor to the US, whose system has if anything produced far too much food for its citizens.