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It's culture in the sense, that Western people are more interested in discussing rationlity because of the way they were raised while Indian people likely focus on getting formal qualifications and passing standardized tests.

To the extend that the debate about rationality leads to new approaches of looking at problems it's valuable for society. I find it unlikely that Indian's would come up with founding MealSquares due to their narrow-minded focus on playing by the official rules.

A lot of the ideas coming out of the LW sphere won't produce commercially successful products but society doesn't need all ideas to be successful.
YCombinator makes the bulk of it's profits with the top 10 company of it's portfolio and would be okay if the other companies would make no money.