Competitor obsession promotes hubris

Cycles of human folly have played out for centuries, so why would people not continue withe their foolish acts?

Many Indian startups, designed on Silicon Valley principles, appear to be aiming to destroy the enemy and to grab the prize of winner takes all. In the process, they are drowning in a dangerous ocean of swirling losses. I cannot understand why so many Indian unicorns are eulogised for business savvy and growth even though they incur every year a loss of three to four times their revenue. 

Commenting on Silicon Valley,   (April 20, 2019) reported that 12 or so American unicorns that have listed are likely to post combined losses of $14 billion for the last year, with cumulative losses of