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The blue LED was supposed to be impossible—until a young engineer proposed a moonshot idea.

  • SkyNTP@lemmy.mlEnglish
    0·
    9 months ago

    I’m not sure how you come to this conclusion. For every example of a capitalist avoiding risky investments, there are 100 capitalists betting on the next innovation.

    Venture capital. Heard the term? AI, Metaverse, crypto, web 2.0, .com… The tech space alone is full of capital making (stupidly risky) bets. They also make good bets too, like PC, search engines, online shopping (oh, look how the tech giants came to be).

    I get it, capitalism bad. But this is just a nonsensical argument.

    • muix@lemmy.sdf.orgEnglish
      0·
      9 months ago

      I was working for a place that was the market leader in a certain niche of simulation software. Their simulation was about 10x more efficient than their competitors. However, that version of the software is strictly off limits for the public, and made a version which they sold with a sleep statement so that it was only 1.1x faster than the next best solution. That way they could remain market leaders any time the competitors released a better version. Even though many systems rely on growing simulations to simulate bigger scenarios that could help save lives.

      Just an example of capitalism impeding progress.