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  •  GOVERNMENT CAPITALISM AND INNOVATION (2+ / 0-)
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    redwagon, splashy

    A)    Capitalism asserts they it is more capable at advancing innovation then other economic systems.  Yet, capitalism often choices a lesser technology over a more efficient one to maintain short term profit regardless of the risks to health and safety of workers, citizens and environment.
    B)    The profit motive can become a barrier to progress if the newer advances are either capital intensive or slow to realize an immediate profit; even when the resulting impact and profit may be greater long term.
    C)    THINK!!  FOSSIL FUEL OVER SOLAR, WIND RENEWABLES; INEFFICIENT OVER EFFICIENT CARS; RAIL OVER MAGNETIC TRAINS OR PNEUMATIC TUBE TRANSPORTATION; CU WIRE OVER BROADBAND AND MANY MORE!
    D)     Many times it is the Federal government which funds innovations and performs the research of advanced technology and husbands its development and field testing.  Often, once proven successful the new technology is spun off to private industries, but the taxpayers do not receive a gain when a profit is realized.

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