> What happens when a capital accumulates in a smaller pool of folks who choose how to allocate those resources. > Silicon Valley isn't responding to demand, it's essentially centrally planning where to assign resources to create demand.

Silicon Valley is not centrally planned. The people at Microsoft did not go to a committee and ask the people who ran Sun Microsystems if it would be okay to release Windows NT. They mailed the CEO of Sun a coffin (1).

1. https://www.pcgamer.com/software/windows/the-team-behind-win...