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> it is surplus capital of monopolistic firms that enables innovation This is purely ideological assertion that just excuses predatory behavior. Surplus capita
by zzzcpan 7y ago
> it is surplus capital of monopolistic firms that enables innovation
This is purely ideological assertion that just excuses predatory behavior. Surplus capital does not enable innovation whatsoever.
Innovation is more like quality, it is habitual and cultural. Give all the right people an opportunity to apply themselves and you get innovation and, of course, give everyone a chance to become the right people, to raise their children that way, educate them the right way, not indoctrinate, etc. The role of capital and startups here is not creating such people, but that of wealth and power: to take ownership of future innovations that could be created by such people and remain wealthy and powerful.