14 ms·
I think the idea that free-market capitalism drives innovation is not something you can take for granted at all. How many companies making copycat apps that ser
by normal_man 8y ago
I think the idea that free-market capitalism drives innovation is not something you can take for granted at all. How many companies making copycat apps that serve no purpose or complete bullshit like Juicero get millions in funding?
- anonuser123456 8y agoYou literally gave an example for why free-market capitalism supports innovation; e.g. the product was stupid and the market rejected it.
- kamarg 8y agoThe market rejecting a product has nothing to do with innovation. It's people saying I can't afford this or I don't value this at the price you're selling it at, or even I don't like the politics of someone that works for you. But it says nothing about if a product is innovative or not.
- nybble41 8y agoInnovation includes factors like actually being able to manufacture the product at a price people are willing to pay. If something is worth at most $10, coming up with a novel way to do it for less than $10 is innovative; coming up with a way to do it for $1000 is just wasting time. It's easy to come up with crazy, impractical ideas. The essence of innovation is turning those ideas into sustainable, marketable, and thus profitable products.