I recently read an old Seth Godin post in which he made a distinction between capitalists and industrialists. Among other things, he said “Industrialists are not capitalists. Capitalists take risks. They see an opportunity, an unmet need, and then they bring resources to bear to solve the problem and make a profit. Industrialists seek stability instead. Industrialists work to take working systems and polish them, insulate them from risk, maximize productivity and extract the maximum amount of profit.” He went on to say “Industrialists don’t mind government regulations if they write them, don’t particularly like competition or creativity or…

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