[...] Companies with new technologies are free to disrupt almost any industry they choose—journalism, television, music, manufacturing—so long as they don’t disrupt the financial operating system churning beneath it all. Hell, most of the founders of these digital companies don’t seem to realize this operating system even exists. They are happy to challenge one “vertical” or another, but the last thing they do when they’ve got a winner is challenge the rules of investment banking, their own astronomical valuation, or the IPO through which they cash out. Winning the digital growth game is less a new sort of prosperity than it is a new way to execute business as usual: old wine in a new bottle. It’s not that making money is so wrong; it’s that the premises of venture capital and the stock market—as well as their real effects—are never even questioned. The winners have, in some fundamental way, been duped.
ahh i love this