I feel like people dunk on the "you're criticizing capitalism from your iphone" callout without acknowledging its fundamental correctness. Innovation and the production of consumer goods are two things that capitalism really is better at, whatever your political stancehttps://twitter.com/AyoCaesar/status/1255758942833172490 …
There's something to that, but you also have to look at the role of really small private startups in fields like aerospace, software, chemical engineering, microchips, even agriculture. They were a legitimate innovation engine through the whole postwar period
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The ideological choice wasn’t limited to either US capitalism or Soviet socialism. Sweden and Finland chose a third way and led mobile phone adoption and tech with Ericsson and Nokia.
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You know... I ruminated over this for a while, and it led me to: massive government spending into industries, combined with a bunch of autonomous orgs, will likely lead to some innovation! What is the DC pork barrel if not a huge VC fund!
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