> Of course, but more profits encourages people to create more businesses which create more innovation. Sorry, I thought that was obvious. It isn't obvious at

> Of course, but more profits encourages people to create more businesses which create more innovation. Sorry, I thought that was obvious. It isn't obvious at all. In fact, there are some indications that the opposite is true. For example, there are some simple economic models in Blatt:Dynamic Economic Systems where rate of profit and rate of growth are inversely proportional. Also, data from Piketty aren't very optimistic in this sense either (it seems that economic states with lots of private capital correspond to low growth and vice versa).