Comment by victorbjorklund
3 hours ago
Competition often foster innovation. Why are they innovating so fast and spending so much money? Because they don’t wanna get behind. If there was no competition at all then there would be much less reason to innovate and spend resources.
> Competition often foster innovation.
So does cooperation in any framework that values public good over pure obedience to an inherently-abusive late stage capitalism. I know that's passé in a world where the US government no longer believes in funding science, and yet.
Competition is also inherently wasteful. And if you're talking about wasting a few K or a few Mil here or there, fine, whatever. But here we're talking about waste on the order of trillions of dollars at the end of the day.