General Discussion
In reply to the discussion: Capitalism - Good or bad ? [View all]Mairead
(9,557 posts)after it starred as the Thunderbolt.
The fact that technology has moved on has nothing to do with private-profit corporations, which I think is what you're trying to argue.
Big, rich corporations don't do innovation. Their advances in technology are usually small and/or pedestrian. That's their major failing, and why they tend to go out of business after awhile. When they want/need to innovate, what they do is buy out small garage-level operations. Or the money people in charge fail to even have that much awareness of reality and their corporation expires.
Taking the example of locomotives, the really large steam locomotives of the mid-20th c. were very little different to the Lion or Rocket. Bigger, yes, but based on the same principles of operation developed by Stephenson et al. 130+ years before. The same is true of the diesel locos in Europe: they operate on the same principles developed personally by Rudolf Diesel in 1893.