Can There Be Innovation Under Socialism?

How many times have you heard the claim "without the profit motive there would be no innovation"? It s a line repeated so often that it seems like common sense to many people. Let s investigate that claim. Can there be innovation under socialism? Can There Be Innovation Under Socialism? – Second Thought SUBSCRIBE HERE: http://bit.ly/2nFsvTS New video every Friday! Citations and Further Reading: Capitalism and Innovation https://inthesetimes.com/article/capitalism-pandemic-covid19-vaccine-coronavirus-socialism-innovation https://jacobin.com/2015/03/socialism-innovation-capitalism-smith https://hbr.org/2011/11/people-dont-need-a-profit-motive-to-innovate https://tribunemag.co.uk/2020/08/how-capitalism-stifles-innovation https://www.science.org/content/blog-post/adam-smith-goes-pharmaceutical https://youtu.be/uylnpj6zLWw The iPhone https://www.google.com/books/edition/Entrepreneurial_State/Wro1DgAAQBAJ?hl=en&gbpv=1&printsec=frontcover https://www.google.com/books/edition/The_People_s_Republic_of_Walmart/IcCGDwAAQBAJ?hl=en&gbpv=1&printsec=frontcover Public investment in health innovations https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5878010/ The 11 lines of open-source code that broke the internet https://qz.com/646467/how-one-programmer-broke-the-internet-by-deleting-a-tiny-piece-of-code/ https://www.youtube.com/watch?v=LmI4W8X7vU8 COVID patents and Africa, mutations https://africacdc.org/covid-19-vaccination/ https://www.healthline.com/health-news/how-low-vaccination-rates-contribute-to-the-rise-of-coronavirus-variants 6.7% of world has a college degree https://www.huffpost.com/entry/percent-of-world-with-col_n_581807 https://www.nber.org/system/files/working_papers/w15902/w15902.pdf Cuban medical innovations https://www.nature.com/articles/nbt1204supp-DC19.pdf?proof=t Economic planning and innovation https://www.google.com/books/edition/The_People_s_Republic_of_Walmart/IcCGDwAAQBAJ?hl=en&gbpv=1&printsec=frontcover https://people.umass.edu/dmkotz/Soc_and_Innovation_02.pdf Follow and Support Second Thought! Twitter: https://twitter.com/_SecondThought Patreon: https://patreon.com/secondthought BuyMeACoffee: https://www.buymeacoffee.com/secondthought CashApp: $JTChapman Watch More Second Thought: Latest Uploads: https://www.youtube.com/playlist?list=PL6SJktA-ecJR_Fq2hhYVEFS11cf1YzG27 Spaaaaaace!: https://www.youtube.com/playlist?list=PL6SJktA-ecJQRpqT-hMTTFx8A6VVH3m6v What If...: https://www.youtube.com/playlist?list=PL6SJktA-ecJRI7VrWf_-mT0z6lrN--Cvi Popular Videos: https://www.youtube.com/playlist?list=PL6SJktA-ecJRx7ZaO9J04Kbob_u5baHxN About Second Thought: Second Thought is a channel devoted to education and analysis of current events from a Leftist perspective. Welcome! Business Email: secondthoughtchannel@gmail.com