this post was submitted on 15 Sep 2023
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Socialism provides more innovation than capitalism. We would have the cure for cancer right now if profit incentive was not the drive of the economy, but to improve people’s lives.
Edit:
I suggest you to watch this video for about why combing both doesn’t work
and
this one
Quite the hot take. Make a claim, cherry pick one thing, and post a random YouTube video to back it.
Most of our tech comes from the military inventions of decades prior. Most of that from the US military and government. So if you think socialism would have brought GPS, cell phones, home computers, rocket technology, satellites, and more to the commercial market sooner... lol.
The entire factory industry, worldwide, uses the assembly line model invented by Ford, an American company. This system also brought prices down on cars, making them a staple of life rather than a luxury.
I won't disagree with the fact big pharma could do more, but not with the idea it would have more incentive under a socialist system.
Right, but if you have the motivation to make things affordable for people, you can and will get to the same place. The profit motivation and the centralization of wealth are not the key motivators here.
They're just the ones that made Ford rich and famous enough to aggressively publicize himself.
The motivation was to make a profit by making them affordable. Efficiency was the key Ford recognized as his means to success. If there is no profitability, he would never have bothered in bucking the current system.
You're putting the cart before the horse.