this post was submitted on 05 Dec 2025
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If you look at the history of capitalism you could observe the stage where capitalism does put profits into R&D is temporary. Eventually capitalists reach enough power that lets them generate profts without significant reinvestment and instead spend them on luxury goods. Happened in the late 19th/early 20th century. It's happening now as well. In-between that there was a massive state intervention that took significant economic power from capitalist class and put it into the state. The period when capitalism worked well for the majority was a deviation from the mean. Relevant.