Capitalism Didn’t Make the iPhone, You iMbecile

Economist Rob Larson explains why the free market isn't the force of innovation it's commonly believed to be.
bcglorfsays...

From the start of the video: iPhone, Android, macbook, pc, kindle, netflix, facebook, instagram...

The video really feels like a over drawn insistence that people recognize that the American economy isn't a pure capitalistic 100% free market environment. That's something that should really be obvious, and not require being said unless your audience are 12 year olds or idiots. It still stands that compared to other giants of the world in China or Russia, it is still America taking the lead on 100% of the innovations that Rob listed, and by comparison, a far more capitalist oriented economy sets America apart. Heck, even include the EU in there as a slightly more socialist economy than America's, and still low and behold it is America that came out with every single example listed...

cloudballoonsays...

My takeaway from the video is not about Capitalism vs. Socialism that brought about the root of those innovations (i.e. the internet), but the direct, initial involvement of the education sector, military and/or government, NOT the "free market".

bcglorfsaid:

From the start of the video: iPhone, Android, macbook, pc, kindle, netflix, facebook, instagram...

The video really feels like a over drawn insistence that people recognize that the American economy isn't a pure capitalistic 100% free market environment. That's something that should really be obvious, and not require being said unless your audience are 12 year olds or idiots. It still stands that compared to other giants of the world in China or Russia, it is still America taking the lead on 100% of the innovations that Rob listed, and by comparison, a far more capitalist oriented economy sets America apart. Heck, even include the EU in there as a slightly more socialist economy than America's, and still low and behold it is America that came out with every single example listed...

siftbotsays...

Boosting this quality contribution up in the Hot Listing - declared quality by Sagemind.

bcglorfsays...

Yeah, that's what he said. The Government, Military and Education systems mentioned received 100% of their revenues from taxation of a capitalism based(not pure) economy. That same government and military rely heavily on issuing contracts for R&D, supplies, and equipment all to companies operating in a capitalism based economy. That education system relies heavily on private investment and grants from corporate and private entities all generating their incomes from within a capitalism based economy.

That stands in contrast to the same governments, militaries and education systems elsewhere in competing countries like China and Russia, heck even the only slightly less capitalist EU too. Not a single one of the listed innovations came from any of those sources, but instead from within America. I think it is more than naive, but in fact dishonest, to ignore that being able to profit of your own ideas and grow your own business and keep the profits from it is just maybe a contributing factor in all that.

cloudballoonsaid:

My takeaway from the video is not about Capitalism vs. Socialism that brought about the root of those innovations (i.e. the internet), but the direct, initial involvement of the education sector, military and/or government, NOT the "free market".

newtboysays...

So, take a short cherry picked list of American inventions created largely with public funding, then claim only American capitalism could have produced them? Uhhhhh......

The inventors of the internet were NOT able to profit directly from their own ideas, they were military and publicly funded schools working in conjunction to create a publicly owned private data sharing network. Later, when this publicly funded network was opened to the public, private companies used it for private profit, and (often) slowed progress and stymied advancements in the process.
It's simply wrong to claim government funded advancements are due to capitalism simply because the taxes came from a capitalist country. Wow.

What about 5G...China is ahead of any capitalist country on that, and many other computing advancements. Those technicians don't see a scintilla of profit from their inventions, ideas, and often businesses (granted, some are allowed to make billions, but only a certain few that are government affiliated oligarchs, and it can be stripped from them the instant they don't tow the party line).

bcglorfsaid:

Yeah, that's what he said. The Government, Military and Education systems mentioned received 100% of their revenues from taxation of a capitalism based(not pure) economy. That same government and military rely heavily on issuing contracts for R&D, supplies, and equipment all to companies operating in a capitalism based economy. That education system relies heavily on private investment and grants from corporate and private entities all generating their incomes from within a capitalism based economy.

That stands in contrast to the same governments, militaries and education systems elsewhere in competing countries like China and Russia, heck even the only slightly less capitalist EU too. Not a single one of the listed innovations came from any of those sources, but instead from within America. I think it is more than naive, but in fact dishonest, to ignore that being able to profit of your own ideas and grow your own business and keep the profits from it is just maybe a contributing factor in all that.

geo321says...

perfectly summized

cloudballoonsaid:

My takeaway from the video is not about Capitalism vs. Socialism that brought about the root of those innovations (i.e. the internet), but the direct, initial involvement of the education sector, military and/or government, NOT the "free market".

geo321says...

it has lost it's meaning. Better to break down words, Like the definition of fascism.

Fascism (/ˈfæʃɪzəm/) is a form of far-right, authoritarian ultranationalism[1][2] characterized by dictatorial power, forcible suppression of opposition, and strong regimentation of society and of the economy

geo321says...

The United States is fascist right now. Because of the corporate media now

geo321says...

Canada foreign policy is to help the US overthrow governments.Canada helping overthrow governments for zero legal backlash because you cant sue back to Canada

cloudballoonsays...

newtboy's on point again, thanks.

Using bcglorf's logic, it is TAXATION that invented the internet. Name me a country (capitalist/communist/socialist or otherwise) that doesn't tax its people, bcglorf. Makes no sense to me. The video's intent is about defining the "who" invented the (early) internet, it's about credit where it's due, not blindly attributing everything to the almighty "capitalism". The video is saying IS IT NOT IT (capitalism).

I wouldn't say the inventors didn't take advantage of its research, it's just that for them it's not (only) about profit. The military benefits with precision-guided missiles, drones & satellites, universities got their connected & online classrooms.

China is ALREADY doing R&D on 6G (https://www.techradar.com/news/china-has-already-kicked-off-its-6g-research)... "capitalism" better catch up, bcglorf!

What MUST be said though, is that the world really should thank the USA to open the tech & infrastructure up to the public (including the world) to make the world a more connected place (even with its many social warts and all).

newtboysaid:

So, take a short cherry picked list of American inventions created largely with public funding, then claim only American capitalism could have produced them? Uhhhhh......

The inventors of the internet were NOT able to profit directly from their own ideas, they were military and publicly funded schools working in conjunction to create a publicly owned private data sharing network. Later, when this publicly funded network was opened to the public, private companies used it for private profit, and (often) slowed progress and stymied advancements in the process.
It's simply wrong to claim government funded advancements are due to capitalism simply because the taxes came from a capitalist country. Wow.

What about 5G...China is ahead of any capitalist country on that, and many other computing advancements. Those technicians don't see a scintilla of profit from their inventions, ideas, and often businesses (granted, some are allowed to make billions, but only a certain few that are government affiliated oligarchs, and it can be stripped from them the instant they don't tow the party line).

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