Since it takes longer for companies to become the former, they are, by definition, further along their growth trajectory to the point where their growth curves are beginning to flatten while the latter kinds of companies are doomed to disappoint, fouling the waters for everyone.

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There are straights and curves and switchbacks and even, at one ridiculous point, a loop where the road curves back, around and under itself like a bow.

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There is therefore a curve and curves have at least one maximum point.

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The fundamental point is that, in the presence of inelastic supply curves, demand-side subsidies face a headwind of adverse price effects, while direct public provision gets a tail wind of favorable price effects.

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