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The statement, "Capitalism breeds innovation" is not true.
Capitalists have less incentive to invest in long term research projects, which often produce most of the breakthrough innovation because the benefits might not cover the long term cost. Most of such projects happen in...
Capitalists have less incentive to invest in long term research projects, which often produce most of the breakthrough innovation because the benefits might not cover the long term cost. Most of such projects happen in...
...the public sector, where the funds are often steady and guaranteed and the stock market swings doesn't determine their fate. The aim is purely to develop the technology and not the profit that might yield.
This is evident with most of the breakthrough innovations...
This is evident with most of the breakthrough innovations...
....of the past.
The internet was developed by DARPA for military use, they were ready to hand over the tech for the internet to the private sector but most corps rejected investing in it because of the cost-benefit problem I mentioned above. DARPA took over funding and...
The internet was developed by DARPA for military use, they were ready to hand over the tech for the internet to the private sector but most corps rejected investing in it because of the cost-benefit problem I mentioned above. DARPA took over funding and...
.... developed it. Right when it seemed profitable, the tech giants swooped in and monopolized the whole tech.
Space tech was developed through public funding.
Satellites- public funding.
Space tech was developed through public funding.
Satellites- public funding.
Apple claimed to have patented the touch screen tech, when it was actually produced in a public sector research funded by the NSF/CIA.
LCD and flat screens were under development by public funding, when a breakthrough development happening in the private sector on flat screens...
LCD and flat screens were under development by public funding, when a breakthrough development happening in the private sector on flat screens...
..was axed and no other tech corp would take the risk of continuing development, ARPA took over the research and developed fakt screen technology.
Google was initially under Stanford University domain, where it was developed under public funding by government agencies and...
Google was initially under Stanford University domain, where it was developed under public funding by government agencies and...
...the State of California.
Several more like GPS, much of the vaccines, accelerometers etc were developed through public funding.
Long running, uncertain research programs that are often necessary for breakthrough innovation are not favourable for capitalists. They would...
Several more like GPS, much of the vaccines, accelerometers etc were developed through public funding.
Long running, uncertain research programs that are often necessary for breakthrough innovation are not favourable for capitalists. They would...
....rather sweep in when all is done and use their influence and power to take over when it's succesful.
