The Red Queen is already in Part I, and it describes understanding rather than competition. Part I's formulation: trying to predict the future by looking at the companies that currently exist is reminiscent of the red queen effect, where you must run continuously faster and process more and more information just to maintain your current level of understanding, to stay in place. The running is epistemic. Effort buys you the same comprehension rather than more of it.

Evidence 1 passage

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you must run continuously faster, process more and more information just to maintain your current level of understanding, to stay in place. “We have moved from data-poor but fairly predictable settings” argues General McChrystal, “to data-rich, uncertain ones.”[^103] In such an environment, more dat

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