In the article it says 80 percent of the investments fail. If you can have that risk, I genuinely don't see the problem.
Heck for my personal angel investments I use 95 percent will fail. Yes it's risky, but the entire point was to find something that returns in the hundreds of percents rather than 7%.
The math works out.
I only worry about evil businesses getting this VC money or uneducated people making bad decisions on investments.
Have you been to Europe? The standard of living is below what is expected in the states.
It's nice to say removing tips and adding vacation is what workers want, but how will United States workers afford premium phones and buy larger houses?
Only physicians have a monopoly on drugs. Only physicians make 300k/yr in healthcare.