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Old 10-23-2007, 05:29 PM
 
17,291 posts, read 29,440,275 times
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Quote:
Originally Posted by Amaznjohn View Post
Again, without profits, new medicines and vaccines wouldn't be possible.
Well actually, that's only because we've been brought up in a capitalist paradigm.

And sometimes, "profits" aren't the best vehicle for spurring innovation, because the "market" will always take the cheap way out.

Take oil for example. One would think the "profit" potential of alternative energy would have weaned us off that sludge a looong time ago.

But no. There's more money in keeping the status quo, so innovation in the arena of energy has been less than stellar.
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Old 10-23-2007, 05:34 PM
 
7,381 posts, read 7,702,298 times
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Quote:
Originally Posted by TriMT7 View Post
Well actually, that's only because we've been brought up in a capitalist paradigm.

And sometimes, "profits" aren't the best vehicle for spurring innovation, because the "market" will always take the cheap way out.

Take oil for example. One would think the "profit" potential of alternative energy would have weaned us off that sludge a looong time ago.

But no. There's more money in keeping the status quo, so innovation in the arena of energy has been less than stellar.
The "market" will always take the more efficient way out as well, as compared to government projects. We have been brought up with capitalism because capitalism works best to encourage development, innovations, and better products, motivated by profits and achievement. It's no coincidence that the vast majority of innovative products have been born in the U.S.
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Old 10-23-2007, 05:38 PM
 
17,291 posts, read 29,440,275 times
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Quote:
Originally Posted by Amaznjohn View Post
The "market" will always take the more efficient way out as well, as compared to government projects. We have been brought up with capitalism because capitalism works best to encourage development, innovations, and better products, motivated by profits and achievement. It's no coincidence that the vast majority of innovative products have been born in the U.S.

Of course. But I would submit only in those areas where the "power structure" isn't quite as personally vested as in energy (and increasingly, healthcare access).
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Old 10-23-2007, 05:38 PM
 
7,381 posts, read 7,702,298 times
Reputation: 1266
Quote:
Originally Posted by TriMT7 View Post
Well actually, that's only because we've been brought up in a capitalist paradigm.

And sometimes, "profits" aren't the best vehicle for spurring innovation, because the "market" will always take the cheap way out.

Take oil for example. One would think the "profit" potential of alternative energy would have weaned us off that sludge a looong time ago.

But no. There's more money in keeping the status quo, so innovation in the arena of energy has been less than stellar.
By the way, many alternative energies have been tried and failed, i.e. wind. When there is a profit to be made, the market will develop them, as they did with nuclear energy.
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Old 10-23-2007, 05:39 PM
 
17,291 posts, read 29,440,275 times
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Quote:
Originally Posted by Amaznjohn View Post
By the way, many alternative energies have been tried and failed, i.e. wind. When there is a profit to be made, the market will develop them, as they did with nuclear energy.

Proving, however, that the market doesn't always do what is "best" for humanity. Sometimes profit and what's best aligns, but often, it does not.
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Old 10-23-2007, 05:42 PM
 
7,381 posts, read 7,702,298 times
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Originally Posted by TriMT7 View Post
Proving, however, that the market doesn't always do what is "best" for humanity. Sometimes profit and what's best aligns, but often, it does not.
That's true. But generally, what is not "best" will work itself out of the marketplace.
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Old 10-23-2007, 05:42 PM
 
Location: Pinal County, Arizona
25,100 posts, read 39,302,451 times
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Quote:
Originally Posted by TriMT7 View Post
Proving, however, that the market doesn't always do what is "best" for humanity. Sometimes profit and what's best aligns, but often, it does not.
Who is to decide what is "best for humanity"?????
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Old 10-23-2007, 05:45 PM
 
7,381 posts, read 7,702,298 times
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Originally Posted by Greatday View Post
Who is to decide what is "best for humanity"?????
The "market" will ultimately decide. Better than letting politicians in Washington do it.
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Old 10-23-2007, 05:46 PM
 
17,291 posts, read 29,440,275 times
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Quote:
Originally Posted by Greatday View Post
Who is to decide what is "best for humanity"?????
Humanity does.

Which is certainly preferable than the amoral, uneducated, uncaring "free market."


What? There's a market for child sex? Round up the kiddies, we're going to Wal-Mart!
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Old 10-23-2007, 05:48 PM
 
Location: Pinal County, Arizona
25,100 posts, read 39,302,451 times
Reputation: 4937
Quote:
Originally Posted by TriMT7 View Post
Humanity does.

Which is certainly preferable than the amoral, uneducated, uncaring "free market."
"Amoral", "uneducated", "uncaring"?????????

So, you are suggesting that we should now govern by consensus?
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