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Why It Was Almost Impossible to Make the Blue LED (youtu.be)

submitted 9 months ago by [email protected] to c/[email protected]

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The blue LED was supposed to be impossible—until a young engineer proposed a moonshot idea.

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[–] [email protected] 78 points 9 months ago (37 children)

It also shows how capitalism hinder innovation. It doesn't create it. The potentially innovative path took money without any guarantee of creating profit. It's bad business to be innovative. Capitalism prioritizing profit never chooses the best path, even if it gets a good ending eventually despite itself.

[–] [email protected] 12 points 9 months ago* (last edited 9 months ago) (16 children)

I'm not sure how you come to this conclusion. For every example of a capitalist avoiding risky investments, there are 100 capitalists betting on the next innovation.

Venture capital. Heard the term? AI, Metaverse, crypto, web 2.0, .com... The tech space alone is full of capital making (stupidly risky) bets. They also make good bets too, like PC, search engines, online shopping (oh, look how the tech giants came to be).

I get it, capitalism bad. But this is just a nonsensical argument.

[–] [email protected] 2 points 9 months ago (4 children)

Yeah metaverse and crypto are such innovate projects that will really change the world and not just more the same bullshit cash grabs.

Really undermining your own argument.

[–] [email protected] 2 points 9 months ago (1 children)

You completely missed the point there, damn. He's saying those things are very likely to be bad investments.

[–] [email protected] 0 points 9 months ago (1 children)

No I get the point. But showing they make make stupid decisions doesn't prove capitalism drives innovation, because those ideas aren't innovative.