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No, capitalism only incentivises profiting.
I'm not cheering for capitalism, just saying it takes advantage of the inherent greed of people to quickly speed innovation.
Except in the end you will get innovations of greed.
There would be no industrial revolution without capitalism.
Wrong! Sadly, article is only in Russian.
Russia's industrial revolution did not happen in a bubble. They did not invent the technology that allowed the industrial revolution, they took advantage of others inventions to take a very inefficient rout to the revolution. They have enormous resources and a vast population... yet it was much smaller capitalist nations that advanced much faster.
Capitalism's industrial revolution did not happen in a bubble. It did not invent science that allowed the industrial revolution, it took advantage of existing discoveries to take a very dehumanizing route to wrong destination.
Also USSR was at least 15 nations.
Yes capitalism did not make all scientific discoveries but it did use them to make more discoveries at a vastly faster rate.
If you ignore fact that almost all fundamental research was done or paid by goverment. Where is private CERN? Private ISS? Heck, where computers would be if not for brittish, american and soviet state research programs? Even companies like Intel were created by goverment funding.
How many civilian contractors were hired by CERN and others and how many bidders did they take before deciding which to take. Did scientists volunteer or were they paid by grants. Where did the government funding come from? Taxes from citizen's income. How much of the technology used in these projects was built on tech invented by public/private companies?
Russia wasnt communist. They were a tsardom that masqueraded as socialism.