Comment on Thomas Edison was the Elon musk of his era

• daltotron@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Show me how we collectively invest in R&D without IP and build a car company without profits.

  en.wikipedia.org/wiki/Soviet_space_program en.wikipedia.org/wiki/Global_Positioning_System en.wikipedia.org/wiki/History_of_the_Internet en.wikipedia.org/wiki/History_of_nuclear_power

  Oh look! Government investment!

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  • RestrictedAccount@lemmy.world ⁨1⁩ ⁨year⁩ ago

    No government can exist without surpluses generated by the population. There have never been surpluses, except maybe in a few golden areas of abundant rain, without some form of trade and profit i.e. capitalism

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• PotatoesFall@discuss.tchncs.de ⁨1⁩ ⁨year⁩ ago

  investment into worker owned companies is possible. Buying stocks is not the only way to invest and make profit.

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  • RestrictedAccount@lemmy.world ⁨1⁩ ⁨year⁩ ago

    If nobody has profits, what is there to invest?

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    • PotatoesFall@discuss.tchncs.de ⁨1⁩ ⁨year⁩ ago

      You can make contracts that guarantee a certain percentage of revenue for a certain number if years, or you know, just loans with interest.

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      • RestrictedAccount@lemmy.world ⁨1⁩ ⁨year⁩ ago

        Loan what? Banks can only work if someone has already made a profit that they can invest.

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