VCs are finding themselves with less cash than they expected because they invested in stupid ideas/people. This is good no matter how you cut it, if you have a shitty idea you wont get funded. If you have a good idea there will be less competition.
HA. This article doesn't show you what happened after the great enrichment. Classic malthusian. In the late 1600s, we broke the inverse relationship between people and 'misery'. This is a joke, if not an attempt to perpetuate a ridiculous and unfounded worldview.