> Also, do you really think innovation will come from state companies? In that case, why didn’t 1980 China or 1980 Russia thrive?
You need a stronger argument to prove that state-associated companies can't innovate.
There's also plenty of counter examples too. The internet itself was largely created via DARPA, a US state-sponsored research agency. Ditto for the space station and most other space-related achievements prior to SpaceX.
I think the more nuanced, and boring, view is that a well functioning state can innovate, and so can well functioning private companies.
This comment probably isn't the place for it, but I do think for-profit companies will tend towards different sorts of innovation than for-the-public-good government agencies... but yeah, not for this comment.
You need a stronger argument to prove that state-associated companies can't innovate.
There's also plenty of counter examples too. The internet itself was largely created via DARPA, a US state-sponsored research agency. Ditto for the space station and most other space-related achievements prior to SpaceX.
I think the more nuanced, and boring, view is that a well functioning state can innovate, and so can well functioning private companies.
This comment probably isn't the place for it, but I do think for-profit companies will tend towards different sorts of innovation than for-the-public-good government agencies... but yeah, not for this comment.