World News

2124 readers

937 users here now

Rules:
Be a decent person.
No racism, sexism, ableism, homophobia, transphobia, zionism/nazism, and so on.

Other Great Communities:

Rules

Be excellent to each other

founded 2 years ago

MODERATORS

Deceptichum@quokk.au

Grainne@lemmy.dbzer0.com

Former MIT president says the US is losing the innovation race to China (www.npr.org)

submitted 2 weeks ago by schizoidman@lemmy.zip to c/world@quokk.au

8 comments fedilink hide all child comments

cross-posted from : https://lemmy.zip/post/63263119

you are viewing a single comment's thread
view the rest of the comments

[–] Sanctus@anarchist.nexus 12 points 2 weeks ago (2 children)

Turns out when profit becomes supreme everything suffers.

[–] DaddleDew@lemmy.world 6 points 2 weeks ago* (last edited 2 weeks ago)

Immediate profit vs long term profit. Squiggly line must go up in the next 3 months. Who cares about in 30 years?

Everyone's credit card is maxed out. The country's debt is spiraling out of control. There is no more money to borrow from the present. Now it is time to put the future in debt by cutting back things like science and education. This will cripple the country on the long run, but who cares when that squiggly line is going up right now?

That has been going on for decades. Meanwhile China has been playing the long game and it is now reaping the benefits.

[–] Deceptichum@quokk.au 3 points 2 weeks ago

But capitalism is innovation??