How Entrepreneurs Break Oligarchies

In CIPE Robert Litan on capitalism:

When oligarchs dominate, they keep entrepreneurs from building new industries that might threaten their hold on power. When state-guidance dominates, bureaucrats can import ideas to jump-start development but aren’t equipped to develop new ideas. When big firms dominate, innovation becomes routinized and incremental rather than radical and transformational. The oil-rich countries of the Middle East and North Africa have long been more or less oligarchic thanks to revenues from oil and the patronage they support.
When entrepreneurs have a strong presence, they help break down oligarchies through creative destruction from new industries, generate new ideas to sustain development, and, in tandem with the dispersive commercial capacity of big firms, they radically transform every day lives for the better.