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.