@tycho... you are missing the point by several galaxies.
The point of departure is not about what or the process the wealth/svings/capital will be transformed (i.e whether innovation or through tech.) but rather the SOURCE of that wealth: ergo, to borrow or to build up capital from savings?

Either can do. I know many companies/ indivs who have grown organically and are very debt-shy.
Recall Warren Buffet, personal wealth estimated at $60B, hardly borrowed and yet has the wherewithal to singlehandedly fund Kenya's Free Primary Education for a financial year.

Others who have used debt prudently have also experienced quantum leaps in all their financial parameters - top line, bottom line, ROE,ROA, market share, cost-to-income ratio, the works.

For @ Impunity, this Tip No 6 from 10 Ways To Get Rich will resonate with you:

6. Limit What You Borrow: Living on credit cards and loans won't make you rich. Warren Buffett has never borrowed a significant amount -- not to invest, not for a mortgage. He has gotten many heart-rendering letters from people who thought their borrowing was manageable but became overwhelmed by debt. His advice: Negotiate with creditors to pay what you can. Then, when you're debt-free, work on saving some money that you can use to invest.
http://www.warrenbuffett...tt-10-ways-to-get-rich/

you just informed us how poor you are

True. Never knew he was this poor. Didn't know someone would celebrate repaying the loan of his 10 yr old + jalopy, which in essence belongs to the scrap yard in it's country of origin. Just imagine the car was worth 900k 5yrs ago, he's paid a total of 2m in loan plus interest, and now the jalopy is worth only 500k. Yaani his 2m 'investment' is now worth just 500k. What a poor financial decision? We just have to pity him as he celebrates.