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Thomas Edison was the Elon musk of his era
(lemmy.world)
I bet that rich dumb ass would love this comparison.
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this post was submitted on 30 Apr 2024
1753 points (97.9% liked)
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Ok. Show me how we collectively invest in R&D without IP and build a car company without profits.
Aaaaannnnd go!
https://en.wikipedia.org/wiki/Soviet_space_program https://en.wikipedia.org/wiki/Global_Positioning_System https://en.wikipedia.org/wiki/History_of_the_Internet https://en.wikipedia.org/wiki/History_of_nuclear_power
Oh look! Government investment!
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
investment into worker owned companies is possible. Buying stocks is not the only way to invest and make profit.
If nobody has profits, what is there to invest?
You can make contracts that guarantee a certain percentage of revenue for a certain number if years, or you know, just loans with interest.
Loan what? Banks can only work if someone has already made a profit that they can invest.
Yeah people like to save money and that's what banks invest and offer interest on. They then hand out loans with higher interest than they pay to savers. I'm pretty sure that's already how banks work.