Follow

@vantablack Sophistry. Capitalism promotes innovation by economically incentivizing improvements in existing technology. This incentive promotes rapid technological advancement over time.

Pre-capitalist society had invention, yes, but the pace of change was slow because of the tenuous connection between the innovator and the economic effects of his innovation.

Also, in pre-industrial society it was often cheaper to steal through warfare than to properly innovate.

Sign in to participate in the conversation
Mastodon for Tech Folks

This Mastodon instance is for people interested in technology. Discussions aren't limited to technology, because tech folks shouldn't be limited to technology either!