Gregory's Server@BartWronski Would tech exist in an anticapitalist system? Probably, but innovation rate would be lower, as it would be more difficult to get ROI, because innovations would serve the common good, not personal interests.
We need regulations. Now.
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6 comments
@raboof @BartWronski I agree. Given a same alignement on a task, capitalism is less efficient. My point was more about how to foster innovation in a non-capitalistic market, and it's not simple. @raboof @BartWronski to be clear, I'm not nitpicking in defense of capitalism, I'm nitpicking because the call to a post-capitalist era is an empty threat. We won't make capitalism disappear overnight. So we need stronger market regulations. Now.  @borisschapira @BartWronski I am wholly convinced that innovation would much *increase* in an anticapitalist environment, looking at how much innovation is killed off because there's no obvious path to 'monetization'. The innovation doesn't come from money. It comes from people *wanting* to innovate, and making sure that nothing gets in their way to do so. @borisschapira @BartWronski (To clarify: when I say "anticapitalist environment", I mean an environment where one does not have to hold a job and spend their time/energy on someone else's priorities to survive, which is the thing that inhibits innovation here) @borisschapira @BartWronski seems much more likely that capitalism stagnates innovation Innovation must promise a ROI before it can be created in a capitalist system. Just look at disability aids, there are some fantastic innovations that were devised but never marketed because they were expensive to produce and wouldn't guarantee a return. |
@borisschapira @BartWronski this might be true, but it is not obviously so: if you look at the effort spent "making the thing" and compare that to the effort spent "monetizing the thing", "competing with others who are making the same thing", etc, in some cases there is an enormous amount of effort wasted on the latter.
Capitalism is/was a strong motivator for "innovation", but if you take away capitalism you need much less of it to achieve the same effect.