this post was submitted on 07 Jan 2025
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I've been thinking of the "capitalism breeds innovation" thing a lot lately.
It may still be true, but the latest innovations are always in money making. There is no incentive to innovate in a way that serves a common good, but there is massive incentive to "innovate" in a way that drives profits up.
Subscriptions to everything and the erosion of ownership? Innovative.
Insurance companies taking your money and then denying your claims? Innovative.
Uncapped campaign finance and buying politicians? Innovative (well, it's been done before, but not to this scale in a very long time).
The way I see it, innovation is a product like anything else in the context of capitalism.
Sam Altman wanted openAI to be non profit in its innovation but this was incompatible with capitalism that identifies it as a product with value.
So basically capitalism tries to find monetary value in anything so it can be sold because the ultimate goal is money.
Innovation is a byproduct of capitalism searching for new things to sell.
(Disclaimer : I understand Sam Altman probably never genuinely wanted to innovate for free, this is just a posture)
That's the BEST case scenario. Much more often, the "innovation" consists of taking something that already exists and making it worse by all other metrics in order to make it more profitable.