The New New Economy: More Startups, Fewer Giants, Infinite Opportunity

I don't understand what this article is trying to say. Will the internet magic away the infrastructure necessary to manufacture a car? Will it make the massive cost of developing and testing a new drug disappear?

The money for these things has to come from somewhere. Venture capital is an option, but that's an all or nothing proposition. Larger companies can fail and live to fight another day. There's obviously a motivational benefit to failure not being an option, but that doesn't guarantee success. Likewise, large companies tend to ossify and become numb to failure, but that doesn't guarantee their collapse.