Comment by Arainach
9 hours ago
> Most of the American innovation came from a small number of very rich people
Replace "came from" with "was purchased by" or "was copied by an entity with the resources to push the inventor out of the market" and you're getting a lot closer.
How about "was driven by"
This encompasses rich people telling others what to do, and it also encompasses others doing work they think they can sell to rich people.
I think in Europe, people are just overall a bit more chill, and happy people don't feel the need to join the ultra-competitive scramble to the top, they're fine doing enough work but not an extreme amount.
I don't even agree with that. In many cases the rich people at best paid the salaries of other innovative people and then claimed the IP rights and the overwhelming share of the proceeds.
Elon didn't invent anything about rockets or electric cars. He hired (or perhaps just bought a company that had already hired) smart innovative people and got rich off them.
Pharmaceutical CEOs aren't innovating anything but they get rich off the innovations of others.
Most of the people who innovate or invent a new tool or product don't have the capital to mass produce and market it and end up selling their rights, which others benefit from.
Very few rich people are involved at all in innovations. Technology, which is less capital-intensive to scale than other fields, is an exception where several rich folks actually were involved - Steve Jobs' design sense, Larry and Sergei's PageRank algorithm, etc. but even then most of the people actually innovating new things don't get rich and watch others with more resources copy them, outmarket them, and take the money.