this post was submitted on 20 Dec 2024
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Capitalism incentivises rapid progress in all fields.
I'm not cheering for capitalism, just saying it takes advantage of the inherent greed of people to quickly speed innovation. There would be no industrial revolution without capitalism. At least not on the short scale of just a hundred years or two.
No, capitalism only incentivises profiting.
Except in the end you will get innovations of greed.
Wrong! Sadly, article is only in Russian.
Russia's industrial revolution did not happen in a bubble. They did not invent the technology that allowed the industrial revolution, they took advantage of others inventions to take a very inefficient rout to the revolution. They have enormous resources and a vast population... yet it was much smaller capitalist nations that advanced much faster.
Russia wasnt communist. They were a tsardom that masqueraded as socialism.