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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 […]
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.