Netflix

Netflix’s streaming transition deserves recognition as courage within capitalism because it risked an established success for an unproven future. Reed Hastings committed Netflix to digital streaming as a fundamental transformation rather than a small adjustment. Netflix’s DVD-by-mail business was already successful, so moving away from it involved real risk. Netflix later failed a different courage test when it removed a Hasan Minhaj episode under pressure. Netflix’s move from DVDs by mail to streaming is presented as entrepreneurial courage.