What if the key to the “industrial revolution” wasn’t an industrial problem to solve? What if banking/finance and risk transfer were the key? Inventors don’t come with money; those with money don’t want to take unlimited risks with their money, plus a whole host of intermediaries—managers, insurance, and accountants.
What if the key to the “industrial revolution” wasn’t an industrial problem to solve? What if banking/finance and risk transfer were the key? Inventors don’t come with money; those with money don’t want to take unlimited risks with their money, plus a whole host of intermediaries—managers, insurance, and accountants.