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How many things were invented or financed because someone wanted to get rich? What happens to those types of things when it's impossible to get rich? The answ
by taborj 7y ago
How many things were invented or financed because someone wanted to get rich? What happens to those types of things when it's impossible to get rich?
The answer is they don't happen here, they'll happen somewhere else. They may happen with the same people even, and then you're losing knowledge and experience to other countries, which is fine as long as those other countries choose to be friendly with you.
In other words, you willfully put your country's advancement into the hands of other entities. You no longer control your future.
- Barrin92 7y ago>How many things were invented or financed because someone wanted to get rich? Not as many as you think I would suggest. In the US a golden era of invention was the postwar era during which inequality fell and the American middle class rose to power and the American government still participated actively in shaping innovation and economic future. Even the Soviet Union invented a good deal of stuff. Today economic growth is low, inequality is high, it looks like we're on our way to a second gilded age and the things that we call innovation are escooter startups and expensive juice machines. Even die-hard capitalists like Thiel have pointed this out. If you want innovation what you need is a healthy, equal society, individual opportunity and collective ambition.
- sabarn01 7y agoEvery other developed economy was destroyed by the war. The rise of the middle class here was a result of overall economic growth and the economic suicide of the two world wars and the depression. Holding up the 1940's and 1950's as a model removes the context of cataclysmic world events of the 30's and 40's. Also remember that the US had virtually no welfare state at that time and used higher taxes to pay off war debt.