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Capitalism Can’t Innovate on Ideas

Innovation is said to be the mainstay of capitalist ideology, one of the supreme virtues of a system built to reward individual initiative. The genius of capitalism, according to Bill Gates, rests in ‘its ability to make self-interest serve the wider i…

Innovation is said to be the mainstay of capitalist ideology, one of the supreme virtues of a system built to reward individual initiative. The genius of capitalism, according to Bill Gates, rests in ‘its ability to make self-interest serve the wider interest.’ Potential for big financial returns on innovation, he adds, ‘unleashes a broad set […]

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The post Capitalism Can’t Innovate on Ideas appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Ben Debney.


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Ben Debney | Radio Free (2021-06-20T08:25:40+00:00) Capitalism Can’t Innovate on Ideas. Retrieved from https://www.radiofree.org/2021/06/20/capitalism-cant-innovate-on-ideas/

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