alt Hacker NewsCapitalism speeds things up but its not the cause of innovation. Plenty of invention happens under other types of economic structures
Capitalism speeds things up but its not the cause of innovation. Plenty of invention happens under other types of economic structures
Capitalism, really, when it comes down it is just individuals being able to profit off of the things they create. GDP per person throughout almost all of history (thousands of years at least) was less than $2 per day. Capitalism came along where people could actually profit off what they create and now on average it's about 40/day.
If people can't profit off of things they won't innovate, and even if they did there is no market if people can't profit off it.