1. There will always be a need for things. So there will always be customers. There will always be capital available. Always. Think about the great depression. There were still very rich people. So I think it is not so valuable to argue in absolutes, as long as there exist customers and capital we have an economy, the issue is not how small, hard or tight, if it exist, then there will be entrepreneurs.
2. Your quoted statement says "the desire- the need to innovate never goes away. The author is talking about the personal and obsessive need of the entrepreneur, not "needs" in general. And your example of a need for safe drinking water... that need will be filled when there's money to be made in filling that need....
1. There will always be a need for things. So there will always be customers. There will always be capital available. Always. Think about the great depression. There were still very rich people. So I think it is not so valuable to argue in absolutes, as long as there exist customers and capital we have an economy, the issue is not how small, hard or tight, if it exist, then there will be entrepreneurs.
2. Your quoted statement says "the desire- the need to innovate never goes away. The author is talking about the personal and obsessive need of the entrepreneur, not "needs" in general. And your example of a need for safe drinking water... that need will be filled when there's money to be made in filling that need....