Titans like Musk would love us to believe innovation means top-down solutions that only enrich the wealthy. In fact, we all have the power, says Eleanor Drage, research fellow at Cambridge University
Love how it highlights that big tech (much to capitalism’s fault, TBH) can only drive innovation if the tech has a moat around it, if no one else can, or would, copy it and deploy it at a lower cost.
Which is… the argument that people use to defend capitalism? That capitalism drives innovation and makes it accessible to everyone at the lowest possible price.
I like the frugal tech idea as much as I like degrowth.
That’s basically saying that “big tech” (as we know it today) and competition-friendly capitalism just cannot coexist. Which I’m inclined to agree with.
Frugal tech idea and degrowth are more capitalist than a handful of monopolies owning you in every orifice and billing you for it.
If by “capitalism” we don’t mean paleo-industrialism of XIX-century aristocrats with monocles and child labor. If we do mean the “free market with protections for property, rights, safety and anti-monopoly regulations yadda-yadda” moderate-normal-classical model.
Love how it highlights that big tech (much to capitalism’s fault, TBH) can only drive innovation if the tech has a moat around it, if no one else can, or would, copy it and deploy it at a lower cost.
Which is… the argument that people use to defend capitalism? That capitalism drives innovation and makes it accessible to everyone at the lowest possible price.
I like the frugal tech idea as much as I like degrowth.
“Capitalism creates innovation!”
The innovation:
That’s basically saying that “big tech” (as we know it today) and competition-friendly capitalism just cannot coexist. Which I’m inclined to agree with.
Frugal tech idea and degrowth are more capitalist than a handful of monopolies owning you in every orifice and billing you for it.
If by “capitalism” we don’t mean paleo-industrialism of XIX-century aristocrats with monocles and child labor. If we do mean the “free market with protections for property, rights, safety and anti-monopoly regulations yadda-yadda” moderate-normal-classical model.