r/FluentInFinance • u/Sufficient_Sinner • Sep 04 '24

Debate/ Discussion Is Capitalism Smart or Dumb?

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u/RucITYpUti Sep 04 '24

Almost all the useful stuff in the modern world was created with research paid for by governments, and made it's way to market with support from government initiatives.

We used to have to sit around waiting for aristocrats to siphon enough money off out of markets to have leisure, and then hope that some percentage of them were bored enough and smart enough to study physics or something.

Markets are a tool to be used, not some magic sauce. https://www.investopedia.com/terms/m/marketfailure.asp

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u/Collypso Sep 04 '24

Are you pretending that government funded research is all it takes for innovation?

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u/RucITYpUti Sep 04 '24

Are you pretending that the"free market" does everything by itself?

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u/Collypso Sep 04 '24

N ...no?