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DeepSeek just proved Lina Khan right
(www.dropsitenews.com)
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this post was submitted on 28 Jan 2025
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*Late stage capitalism can't innovate. The industrial revolution and internet revolution, among others, were fueled by Western capitalists. Adopting capitalism early on is about 75% of the reason the West is at the top of the modern world order.
That's late stage capitalism, which only really started in the 80s. Early to middle capitalism is a mix of both panels. I'll just link my other comment here.
The internet was developed by ARPA, then later made available to universities and eventually private connections. Military and public research developed the tech, capitalists figured out how to most efficiently sell junk using the tech.
I mean yes, true, but it was capitalists who made smartphones and computers. I'll just link my other reply here.
Honestly, not really. Colonialism made Western Europe wealthier for the time period, but it was investment in science and technology that gave the West the industrial and technological advantage that sets them aside from the rest of the world (other than China) today. There are very few non-Western non-China countries where appreciable heavy industry takes place that isn't resource extraction-parallel like oil refinement. There are also very few non-Western non-China countries with the industrial capital and technological knowhow to, for example, make smartphones.
You'll notice that I keep including China as an exception here, which is because China noticed the importance of these things and went ahead to develop/steal these, and it's because it was able to obtain these things that China is the global giant that it is today.