3 ms·
Even in capitalism, the RoR - Return on Research - is something like 10-15% of what it was a century prior. That is, if $1 in 1924 R&R spending got $1 of new pr
by rekabis 2y ago
Even in capitalism, the RoR - Return on Research - is something like 10-15% of what it was a century prior. That is, if $1 in 1924 R&R spending got $1 of new products or advancements, $1 of 2024 R&R spending now gets only 10-15¢ of the same.
And then people think we are going to be able to innovate out of extinction-level events that are barrelling down the pipe at us, such as climate change. I would laugh maniacally at that idea, were it not so naïvely pathetic.