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Are you serious? This quote is all you need to see: > Left to its own devices, the private sector is far more likely to impede technological progress than to
by muninn_ 9y ago
Are you serious? This quote is all you need to see:
> Left to its own devices, the private sector is far more likely to impede technological progress than to advance it. That’s because real innovation is very expensive to produce: it involves pouring extravagant sums of money into research projects that may fail, or at the very least may never yield a commercially viable product. In other words, it requires a lot of risk – something that, mythmaking aside, capitalist firms have little appetite for
Meanwhile, America keeps on innovating despite being capitalist imperialist scum!!! What a terrible, blatantly biased article. I'm a big fan of public sector research and funding, but let's be real here. The person who wrote this article should go back to school.
- germinalphrase 9y agoI don't agree with the article, but Mariana Mazzucato makes a strong argument in defense of the critical role government funding plays in entrepreneurial innovation [0]. She also did a talk at Stewart Brand's Long Now Foundation a few years ago [1]. It's worth a listen. [0]https://en.wikipedia.org/wiki/The_Entrepreneurial_State https://en.wikipedia.org/wiki/The_Entrepreneurial_State [1]http://longnow.org/seminars/02014/mar/24/entrepreneurial-state-debunking-private-vs-public-sector-myths/ http://longnow.org/seminars/02014/mar/24/entrepreneurial-sta...
- lawless123 9y agoSpot the Juicero owner..
- muninn_ 9y agoNever heard of it until I heard everybody else making fun of it. But yeah America can't innovate. Everything is doomed. Hide under your pillow. Google can't create a self-driving car! SpaceX can't land reusable rockets! America can't innovate guys!!!
- lawless123 9y agoSpaceX benefits from some very patient Nasa contracts.
- muninn_ 9y agoYes it does, and you'll note that I support public funding for science as stated above. My contention with this idiotic article is that it implies that America cannot innovate. Even though SpaceX may rely upon contracts for NASA (and idk how much of that is a given), you cannot claim that America is not innovative when it's a private company in the United States building REUSABLE ROCKETS. That is innovation.
- mistermann 9y agoPatient contracts?
- lawless123 9y agoI mean they have contracts with Nasa and that Nasa have been very patient with SpaceX fulfilling their obligations.
- bewo001 9y agoThe self driving car relies on computers, GPS, sensors (eg LIDAR) and algorithms. Computers were developed for the military, LIDAR was developed for government-funded atmospheric research projects. GPS wouldn't exist without military funding. The military funded a lot of computer vision research. SpaceX took a lot of government money, too.
- muninn_ 9y agoAnd? I don't see how this relates to what I've said? Do these things make America not innovative?