In Praise of Tycoons

Writing about Elon Musk seeking wealth in order to colonize Mars, Instapundit Glenn Reynolds makes a sage observation. The evidence suggests he is correct.

If you want to do big things, tycoon-based capitalism seems like the way to go, as opposed to corporate-committee-based capitalism.

Committees do “safe” things; tycoons do the risky big ones, like spending one’s own money to become POTUS. Obama was a “faculty committee” guy, Trump is a tycoon.