this post was submitted on 17 Oct 2024
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United States | News & Politics

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Much credit to this post.

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[–] Cowbee@lemmy.ml 5 points 1 month ago* (last edited 1 month ago) (1 children)

Can you explain?

Edit for your edit:

I would also hardly consider Cuba or Laos as frontiers of innovation. Just curious, do you feel that innovation is an important aspect of civilization? If so, do you think socialism and innovation can thrive without the sacrifice of one to the other?

Cuba and Laos are doing well, Cuba especially is great in the healthcare sector for innovation. Yes, Socialism and innovation thrive together. Markets are good at preparing the ground for public ownership and planning through the formation of monopolist syndicates, but that's really yhe biggest aspect, innovation is often held back by the profit motive.