Posted by cccp1014 on 6/25/2018 10:46:00 AM (view original):
Posted by tangplay on 6/24/2018 10:14:00 PM (view original):
Posted by cccp1014 on 6/24/2018 8:38:00 PM (view original):
Posted by tangplay on 6/24/2018 2:05:00 PM (view original):
How so? And why should innovation be the main way to decide whether a country is successful or not?
BTW, capitalism has innovation problems too. In Kansas big energy dominates. We have restrictions on solar panels that we can buy because that would hurt the big corporations.
You just don't get it. Why do I waste my time?
I don't get it. Explain it to me.
Through innovation you get:
Apple Phones
Electric Cars
Wireless home security
Medicinal cures and procedures
You get this because people want to be rich and hence innovation is their key to get there. First mover advantage. Socialism does not lend itself to innovation because the reward is not as great. There will still be altruistic people innovating but not as many as those in capitalist countries.
Do you know what a Venture Fund is?
1. Even if Democratic Socialism (Which is capitalism) isn't as good at innovation as free-market capitalism, there will still be plenty of free-market capitalists to innovate.
2. Even in a society like Scandinavia, people still want to be rich. If you play the lottery, your thought process wouldn't be that you will only be happy if you win the grand prize. Even if you win the 2nd best prize, you are still happy. Rich people in Democratic Socialist societies are still, well, rich. They still have better lives than the poor.
I have heard of the phrase, but I probably don't have the best grips as to what it is.