Yes, I agree technological advances and not capitalism are the reason for the industrial revolution, it also would have happened without capitalism.
But just like technological advances led to the industrial revolution, the industrial revolution led to more technological advances. Science is growing exponentially, and we’d for sure be worse off if we restricted scientific growth to a point that didn’t lead to the industrial revolution, preventing the innovations that resulted from it from happening.
But that has nothing to do with capital. My point is that we would be making these advances regardless of GDP or the value of the NYSE or whatever. Capitalism does not drive innovation is what I’m saying to you.
Yes, I agree technological advances and not capitalism are the reason for the industrial revolution, it also would have happened without capitalism.
But just like technological advances led to the industrial revolution, the industrial revolution led to more technological advances. Science is growing exponentially, and we’d for sure be worse off if we restricted scientific growth to a point that didn’t lead to the industrial revolution, preventing the innovations that resulted from it from happening.
But that has nothing to do with capital. My point is that we would be making these advances regardless of GDP or the value of the NYSE or whatever. Capitalism does not drive innovation is what I’m saying to you.