General Discussion
In reply to the discussion: The Euro Bombshell That Finland Just Dropped [View all]Scootaloo
(25,699 posts)The assumption that innovation is solely the province of capitalism is pretty silly.
Try this one; you may have recently heard that the Higgs-Boson particle was recently discovered. it was discovered as part of a collaborative (not competitive) effort by many scientists, most of them from socialist or social-democratic countries, working together in another social-democratic country (Switzerland) for the purposes of academic discovery and innovation in physics.
However, what you may not know is that a similar endeavor was attempted here in the US; the US Superconducting Super Collider project. Very similar to the LHC built by CERN in Switzerland, it would have accellerated particles and smacked them together to see what popped out. However... its funding was slashed by congress and the project was cancelled in 1993 because it was expensive and wasn't likely to show a prompt financial return for the investment.
That's socialism vs. capitalism, on innovation.
I'm sure I could point out the difference in film production in nations that subsidize the arts, compared to the US, where capitalism has given us an endless stream of remakes and nostalgia movies. because comfort and familiarity sell more than innovation and new ideas, and so LACK of innovation actually generates MORE profit...