*Does Capitalism Really Drive Innovation?*
/Second Thought/
/1.4M subscribers, 403,743 views 22 May 2021/
<https://www.youtube.com/watch?v=pNhdKpTGfAU&ab_channel=SecondThought>

"One of the more common arguments for capitalism asserts that there
would be no innovation without it. Given how prevalent this talking
point is, one would assume that it's difficult to debunk. That's not the
case. In this episode, we'll take a look at why capitalism actually does
not drive innovation, and stifles it instead."
~~~

Needing money is absolutely necessary for everyone just as long as we
live in a society that relies on a monetary system for its existence.
However, hoarding money at the detriment of others is NOT, as that is
the sorry state of affairs even in many responsible gentle capitalist
countries.
Money hoarding often overrules innovation in favour of accumulation
quick profits, just look at the mega rich multinational fossil fuel
industrial sector. They could have become the innovative masters for
alternative/green energy decades ago had they been willing to forgo a
fraction of their mega profits in favour of supporting research and
innovative infrastructure investments...but they did not. Instead, they
have spent a few millions on politicians/paid propagandists spreading
misinformation and outright lies about AGW and the renewable forms of
energy. Is this the best capitalism can offer to society?

--
The ever present and ever vigilant newsgroup devil at your service.

On Fri, 02 Dec 2022 08:31:19 +1100, Ördög
<newsgroup.devil@hell.incorporated.biz> wrote:

> *Does Capitalism Really Drive Innovation?*
> /Second Thought/
> /1.4M subscribers, 403,743 views 22 May 2021/
> <https://www.youtube.com/watch?v=pNhdKpTGfAU&ab_channel=SecondThought>
>
> "One of the more common arguments for capitalism asserts that there
> would be no innovation without it. Given how prevalent this talking
> point is, one would assume that it's difficult to debunk. That's not the
> case. In this episode, we'll take a look at why capitalism actually does
> not drive innovation, and stifles it instead."

Have fun explaining Silicon Valley, fuckwit.

> ~~~
>
> Needing money is absolutely necessary for everyone just as long as we
> live in a society that relies on a monetary system for its existence.

More mindless bullshit. Plenty of hippys managed fine without it.

> However, hoarding money at the detriment of others is NOT,

Hardly anyone does that.

> as that is the sorry state of affairs even in many responsible gentle
> capitalist countries.

BULLSHIT.

> Money hoarding often overrules innovation in favour of accumulation
> quick profits, just look at the mega rich multinational fossil fuel
> industrial sector.

The mega rich multinational fossil fuel industrial sector doesnt hoard
money.

> They could have become the innovative masters for alternative/green
> energy decades ago had they been willing to forgo a fraction of their
> mega profits in favour of supporting research and innovative
> infrastructure investments...

More mindless bullshit.

> but they did not. Instead, they have spent a few millions on
> politicians/paid propagandists spreading misinformation and outright
> lies about AGW and the renewable forms of energy. Is this the best
> capitalism can offer to society?

Nope, Microsoft, Google, Facebook, Apple etc is.

On Friday, 2 December 2022 at 08:31:24 UTC+11, Ördög wrote:
> *Does Capitalism Really Drive Innovation?*
> /Second Thought/
> /1.4M subscribers, 403,743 views 22 May 2021/
> <https://www.youtube.com/watch?v=pNhdKpTGfAU&ab_channel=SecondThought>
>
> "One of the more common arguments for capitalism asserts that there
> would be no innovation without it. Given how prevalent this talking
> point is, one would assume that it's difficult to debunk. That's not the
> case. In this episode, we'll take a look at why capitalism actually does
> not drive innovation, and stifles it instead."

When capitalists are swine, they cannot innovate.
Just as swine find truffle, swinish capitalists find innovators and exploit them; then stifle them if that suits.
Ditto for practical communism, a very restricted kind of swinish capitalism where a few Marxed creatures have it all.
> ~~~
>
> Needing money is absolutely necessary for everyone just as long as we
> live in a society that relies on a monetary system for its existence.

How much money we need to survive is determined by Centrelink.
Those not yet independent, or on a pension, need not worry too much about money.

When you have sufficient money, you can have the time and means to innovate.. Hardly requires millions for ground-breaking research, that is for tax cheating by top companies.
> However, hoarding money at the detriment of others is NOT, as that is
> the sorry state of affairs even in many responsible gentle capitalist
> countries.

The sorry state comes from borrowing, not hoarding, for capitalist countries.
No fun paying it back.
And worse when interest rates rise.

> Money hoarding often overrules innovation in favour of accumulation
> quick profits, just look at the mega rich multinational fossil fuel
> industrial sector. They could have become the innovative masters for
> alternative/green energy decades ago had they been willing to forgo a
> fraction of their mega profits in favour of supporting research and
> innovative infrastructure investments...but they did not.

Oil is very profitable for very many, so it is king.
Who wants to have less easy money!
Certainly the hydrogen economy should have outed oil economy long ago, especially when they made the Hydrogen Transmission Network (htnresearch.com)
But no one wants to know about it.

> Instead, they
> have spent a few millions on politicians/paid propagandists spreading
> misinformation and outright lies about AGW and the renewable forms of
> energy. Is this the best capitalism can offer to society?

No, capitalism should be a club of morally sound people investing in useful and necessary projects for common good.
To the extent it is so, it works wonderfully.
When it is composed of swine who seek to make money, and only money, with no consideration for anything else, then it becomes negative.
Then the stock market becomes one of manipulation, not an indication of well-being.
>
>
> --
> The ever present and ever vigilant newsgroup devil at your service.

Just an ignorant, obsolete, toothless orPooch.