How many times have you heard the claim "without the profit motive there would be no innovation"? It's a line repeated so often that it seems like common sense to many people. Let's investigate that claim. Can there be innovation under socialism?
Can There Be Innovation Under Socialism? – Second Thought
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Citations and Further Reading:
Capitalism and Innovation
https://inthesetimes.com/article/capitalism-pandemic-covid19-vaccine-coronavirus-socialism-innovation
https://jacobin.com/2015/03/socialism-innovation-capitalism-smith
https://hbr.org/2011/11/people-dont-need-a-profit-motive-to-innovate
https://tribunemag.co.uk/2020/08/how-capitalism-stifles-innovation
https://www.science.org/content/blog-post/adam-smith-goes-pharmaceutical
https://youtu.be/uylnpj6zLWw
The iPhone
https://www.google.com/books/edition/Entrepreneurial_State/Wro1DgAAQBAJ?hl=en&gbpv=1&printsec=frontcover
https://www.google.com/books/edition/The_People_s_Republic_of_Walmart/IcCGDwAAQBAJ?hl=en&gbpv=1&printsec=frontcover
Public investment in health innovations
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5878010/
The 11 lines of open-source code that broke the internet
https://qz.com/646467/how-one-programmer-broke-the-internet-by-deleting-a-tiny-piece-of-code/ https://www.youtube.com/watch?v=LmI4W8X7vU8
COVID patents and Africa, mutations
https://africacdc.org/covid-19-vaccination/ https://www.healthline.com/health-news/how-low-vaccination-rates-contribute-to-the-rise-of-coronavirus-variants
6.7% of world has a college degree
https://www.huffpost.com/entry/percent-of-world-with-col_n_581807 https://www.nber.org/system/files/working_papers/w15902/w15902.pdf
Cuban medical innovations
https://www.nature.com/articles/nbt1204supp-DC19.pdf?proof=t
Economic planning and innovation
https://www.google.com/books/edition/The_People_s_Republic_of_Walmart/IcCGDwAAQBAJ?hl=en&gbpv=1&printsec=frontcover
https://people.umass.edu/dmkotz/Soc_and_Innovation_02.pdf
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