Cougarbear
Gold Member
- Jan 29, 2022
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I’ll agree that new and possibly better products may be squashed. But not because of capitalism. Capitalism allows for the free market of ideas, not socialism nor communism. However, the same thing exists that undermines the true goal of socialism as it does sometimes with capitalism, power and greed. These are human conditions. However, we would not be anywhere near where we are without capitalism. Capitalism requires a certain level of liberty and freedom that the U.S. brought into the world. Socialism requires top down human Government control that is never equal and when it’s fallen into communism, which it always has, the poor and other scapegoats have been genocidal murdered. Mao and Stalin come to mind.It's production for private capital accumulation or "profits". If it's not marketable or profitable, it's not produced, even if it's a needed product. Just because something isn't commercially viable doesn't render it worthless or useless. New and better technology may even be thrown in the basement and left there forever because it will disrupt the market or undermine a prior major investment in older, less effective technology. Human progress is undermined, on account of capitalist production prioritizing profits above the public good.
We're now stuck on fossil fuels, when we could've built modern, safe nuclear plants decades ago, switching to clean electric vehicles. We can even produce liquid fuel from nuclear plants, hence there's no need for the "black gold". The only reason we're still addicted to oil and gas is due to the private pursuit of profits.