Absolutely correct, Capitalism will incentivize innovation only as long as it’s profitable to do so. Once a company becomes a dominant player in their industry, innovation actually becomes largely unprofitable.
We can see this play out all the time, this is why industry giants almost never try to outcompete smaller start ups by innovating their products and services, instead, they either crush them out of the market via a bunch of different methods. Or they just buy them out, kill off their IP, or if it’s way better, they just brand it as their own, and usually fire most of the old staff.
In a Capitalist system, this actually creates a whole new incentive structure where start ups will try to grow as fast as possible with the sole intention of getting bought out by an industry titan, making the founders of the start up filthy rich.
Government getting involved and putting their thumb on the economy is as capitalist as it gets.
South Sea Trading bubble, East India Company, Lake Eyrie Canal, trans continental railroad. Teapot Dome.
The government has ALLWAYS had its thumb on the scale for big business interests and if you think that’s not true I have a bridge in Alaska to sell you.
Right next to some beachfront property in Arizona.
“Capitalism breeds innovation.”
Also capitalism:
One of the biggest lie to keep the current system in place.
Private corporations parasite themselves into R&D paid for by the government and act like they invented the fire again.
The Internet is built on FOSS and got captured to be sold back to us.
Capitalism breeds innovation just like people leave their partner when they finally have enough to be abused.
Competition breeds innovation. Commercial pressure can be one source of such competition, but isn’t the only one.
Capitalism abhors competition. It breeds innovation only if it serves to eliminate competition.
Absolutely correct, Capitalism will incentivize innovation only as long as it’s profitable to do so. Once a company becomes a dominant player in their industry, innovation actually becomes largely unprofitable.
We can see this play out all the time, this is why industry giants almost never try to outcompete smaller start ups by innovating their products and services, instead, they either crush them out of the market via a bunch of different methods. Or they just buy them out, kill off their IP, or if it’s way better, they just brand it as their own, and usually fire most of the old staff.
In a Capitalist system, this actually creates a whole new incentive structure where start ups will try to grow as fast as possible with the sole intention of getting bought out by an industry titan, making the founders of the start up filthy rich.
Capitalism breeds protectionism.
lemmings blaming everything on capitalism
also lemmings: scrolling on their apple iphone that also had a gui decades ahead of its time in the 80s
I don’t think I’ve ever seen a profile with a comment history this bad. Ever stop to ask yourself why you have such unpopular opinions?
No this was capitalism in action. Capitalism bred the innovation in TRON.
Governments getting involved and putting their thumb on the scales to control the economy is the opposite of capitalism.
Say the line!!
“That isn’t REAL captialism”
Lmao
Just like the dumbasses say “the Soviet Union wasn’t REAL communism”?
Except I’m correct. A government implementing protectionist policies to control economic sectors is not capitalist.
Except I never said you were factually incorrect, since that seems to be the most important thing for you to get out of this exchange.
Government tipping the scales to help their capitalist mates seems to be exactly how capitalism works.
And North Korea is definitely a democratic republic 🙄🙄
It is capitalism. It’s all part of the system.
Government getting involved and putting their thumb on the economy is as capitalist as it gets.
South Sea Trading bubble, East India Company, Lake Eyrie Canal, trans continental railroad. Teapot Dome.
The government has ALLWAYS had its thumb on the scale for big business interests and if you think that’s not true I have a bridge in Alaska to sell you.
Right next to some beachfront property in Arizona.
did you read the article? TRON was heavily backed by the japanese government.