The blue LED was supposed to be impossible—until a young engineer proposed a moonshot idea.
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[33🌻] Veritasium: Why It Was Almost Impossible to Make the Blue LED#Tournesol is an open-source web tool by a non profit organization, evaluating the overall quality of the information in videos from community made comparisons, to fight against misinformation and dangerous content.
Really annoying that the company shat on him for years, and continued to do so after he multiplied the value of the company. Toxic behavior.
It’s an extreme example that perfectly illustrates how profit is extracted from employees by the employers. He didn’t have any leverage to get a larger share of the profit from his labor, as is the case with most employees. You could call it toxic behavior, and it is, but it’s the expected behavior, the behavior incentivised by the system.
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.
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.
I was working for a place that was the market leader in a certain niche of simulation software. Their simulation was about 10x more efficient than their competitors. However, that version of the software is strictly off limits for the public, and made a version which they sold with a sleep statement so that it was only 1.1x faster than the next best solution. That way they could remain market leaders any time the competitors released a better version. Even though many systems rely on growing simulations to simulate bigger scenarios that could help save lives.
Just an example of capitalism impeding progress.
Open source software solves that kind of hidden bullshit.
