This seemed like a blurb for start ups rather than an analysis. One thing that is missing is a quantitative analysis in the factors underlying inequality, and whether / how they relate to startups at all. Also missing is an analysis of the role of rent seeking in increasing inequality. Basically there is a fundamental division in factors of inequality: which are related to the self serving manipulations of the political and economic system by rich people to sustain their position and which are related to innovation by the best entrepreneurs? Then we must also analyze which of these factors are dominant in our environment. He avoids these essential questions so this essay is just opinion.
There are some aspects of our situation that make it seem rent seeking is dominant: low productivity growth, stock buy back games by companies rather than investment, a slowing down of new business formation (which can be caused by monopolies). I am sometimes critical of economics as a discipline because there is no scientific method but he could use some immersion in economic data, studies, and theory, to force him to come up with a useful analysis.
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