Technology

I was working for a place that was the market leader in a certain niche of simulation software. Their simulation was about 10x more efficient than their competitors. However, that version of the software is strictly off limits for the public, and made a version which they sold with a sleep statement so that it was only 1.1x faster than the next best solution. That way they could remain market leaders any time the competitors released a better version. Even though many systems rely on growing simulations to simulate bigger scenarios that could help save lives.

Just an example of capitalism impeding progress.

The ratio might not be 1:100. It might not even be tilted towards the risk takers. Also some if not most of the examples you mentioned are based research done in universities and defence agencies. That research is typically a much riskier endeavor. That's why the private sector doesn't even attempt it and only shows up to productize or build upon that research once the risk for not turning profit is minimized.

Yeah metaverse and crypto are such innovate projects that will really change the world and not just more the same bullshit cash grabs.

Really undermining your own argument.

Sure, it happens sometimes. However, the goal is never innovation for the sake if innovation. It's innovations to create profit. The idea is you invest into one of these ideas that then creates a monopoly that can practice anti-completive behaviors to create more profit.

For example of something better, look at research universities. They are normally outside of capitalism and create innovation primarily for the goal of advancing knowledge of a subject or to solve some issue. It's rarely purely for profit to sit on the thing after it's created and ensure no one else can use it.