The Polar Fleece company I mentioned was an example of what I'm wishful for. Are there businesses that require such huge capital that they couldn't be done without the current system? Probably. But I don't think that's most of them.

The tech bubble is the perfect example of what I think is wrong. Many of the firms that went down were looking toward the IPO from day one. It was never about just doing the work and keeping the employees employed. There were some companies that were about just doing the work and making a living. These are much more likely to still be around.[1]

[1] Anecdotal, non-statistical analysis pulled directly out of own ass.