Capitalism is the antithesis of innovation. It serves only to maximize the exploitation of those innovations deemed most likely to be profitable, effectively suppressing all others. And capitalism also suppresses or delays innovation that threatens the profit of the current cycle.
We need look no further than the personal computer market for proof. In the early '80s, the introduction of the rather pedantic IBM PC killed the innovative Victor 9000. IBM's product was inferior in every way, but it ruled in market clout. And have you forgotten that legendary capitalist success story, Microsoft? Champion of original thinking? Promoter of rapid innovation? Umm... no.
Most real innovation comes from government sponsored think tanks, universities, and contractors. The one area where capitalism rules is new ways to convince consumers to pay more for repackaged old products. If you want to call that innovation.
Slashdot Mirror
Pure horse puckey!
Capitalism is the antithesis of innovation. It serves only to maximize the exploitation of those innovations deemed most likely to be profitable, effectively suppressing all others. And capitalism also suppresses or delays innovation that threatens the profit of the current cycle.
We need look no further than the personal computer market for proof. In the early '80s, the introduction of the rather pedantic IBM PC killed the innovative Victor 9000. IBM's product was inferior in every way, but it ruled in market clout. And have you forgotten that legendary capitalist success story, Microsoft? Champion of original thinking? Promoter of rapid innovation? Umm... no.
Most real innovation comes from government sponsored think tanks, universities, and contractors. The one area where capitalism rules is new ways to convince consumers to pay more for repackaged old products. If you want to call that innovation.