Defense Strategies in the Movement Game

Abstract

An analysis of great historical events reveals that revolutions were often unable to achieve the changes they aimed to bring about. However, when a revolution does succeed, it is due to the inability of governments and the elite to shape history as they see fit instead of being shaped by it. The same often applies to markets. The success achieved by an insurgent can generally be attributed to the incumbent’s ineffectiveness rather than to the innovator’s superiority.