Do you agree?<p>"There's unlimited amount of capital in the world. We are living in the richest period of the history of mankind. There are resources everywhere for people with big ideas to take them freely: youtube, google, facebook and so on."<p>starting at minute 50: http://37signals.com/svn/posts/2219-jason-calacanis-vs-david-heinemeier-hansson-on-this-week-in-startups
Pretty much. Value is created when two or more parties make mutually beneficial exchanges. The amount of stuff that can be exchanged in a mutually beneficial manner is virtually unlimited. Capital exists for three basic reasons, to liquify value, enable the transport of goods and services across space and time, and to communicate supply and demand of scarce resources.