Comment on Capitalism only asissts innovation for the first few years of existence. After that its a grift.

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azimir@lemmy.ml ⁨2⁩ ⁨weeks⁩ ago

You’re spot on here. The list there was heavily subsidized by government funding. NIH, DARPA, NSF, NASA, etc made those be discovered and initially refined. Many are still heavily subsidized by government funding.

There’s an initial investment stage that takes risk, but after that, it’s mostly about refinement and efficiency. Capitalism tries to exploit those government funds then spread the risk followed by retreading old ideas for new dollars. Capitalism invents few things because it’s risky. It’s really good at monopolizing existing things and eventually driving the efficiency of exploitation to the umpteenth degree.

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