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Old 11-23-2021, 11:57 AM   #469 (permalink)
aerohead
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innovation & disruption

Quote:
Originally Posted by freebeard View Post
In such a system, where do innovation and disruption come from?

I worry less about the Chicago School of Economics than the Frankfurt School of Marxism.
1) it comes from the same individuals doing the innovation and disruption at the National Laboratories, Centers for Advanced Research, JASON, Rand Corporation, Cal Tech / Jet Propulsion Laboratory, Naval Research Center, and those we currently find in the public sector. Corporations don't innovate, individuals do.
2) as to Karl Marx, bear in mind that, his sidekick in the Communist Manifesto, Frederic Engels, was the son of a wealthy Lancashire, England, textile magnate. He'd seen corporate capitalism from the inside out. Just as Adam Smith. Both were against it.
We stand to lose the entire planet because of the ' freshwater economists.'
The reason they hate communism is that, they know that they can't compete against it. The reason they push for a communist USA. Just as predicted in 1976, by my Sociology professor.
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