The New York Times’ Steven Davidoff Solomon makes the same point about the success of Dollar Shave Club that I make in the first chapter of my upcoming book The Upside of Inequality: How Good Intentions Undermine the Middle Class. Today, startups can often scale to economy-wide success with little need for capital or investors. For innovators, entrepreneurialism increasingly represents all-or-nothing lotteries. Lottery-like outcomes with large payouts attract more ... Read More
