Innovation Incentives Debate
This cluster centers on debates about what drives technological innovation, including the roles of capitalism, competition, patents, markets, and government policies in incentivizing or hindering it, often referencing US tech dominance and global contexts.
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What's the incentive for them to innovate that?
This is NOT how innovation works. https://www.amazon.com/How-Innovation-Works-Flourishes-Freed...
How can this go on? It is a tax on innovation
People don't innovate to compete on cost?
This is just "capitalism breeds innovation" with extra steps, and the answer remains No.
There is a compelling argument that liberty, or at least efficient markets, inhibits technological innovation. The reason is that there is no incentive to innovate when there is robust competition, since the advantage gained by an innovation will be competed away before the investment into the innovation can be recovered. In other words, why bother to invent if you are just going to be copied anyway?
Steve Jobs discussed "Content vs Process" years ago:https://youtu.be/TRZAJY23xio?feature=shared&t=1770While I didn't agree with a lot of his ideas, this one has proven true over time.If you meant innovation in a scientific/startup context, than the reasons are as follows:1. Space: Rent seeking economies create commodities out of physical locations
Another proof that innovation doesn't come from capitalismCapitalism will make sure the tech is locked down behind patents ;)
Nice, however that would remove an incentive for innovation
So sad, we used to innovate and stay one step ahead of them. That’s how wealth is created.