You’re right that military industries should be nationalized, and I agree to a degree (I’d also rather not have the military industry power be 100% controlled by the state, so maybe 50% only).
But also capitalism, if done as it was designed to be done and heavily regulated, can also spark innovation.
Battery technology was in part invented really early on because someone wanted to get wealthy by creating a better mode of transport than the piston engine for example (it’s older tech than people realize). The issue was that once the piston engine was growing in popularity, there wasn’t heavy handed regulations in order to slow down it’s growth and prevent them and eventually the oil companies from using their new power to stifle electrics research.
I don’t think the solution to capitalism’s (and democracy’s by extension) downfalls has been invented or even solved on paper yet. But in the meantime, something in the middle might be the best solution than either extreme.
I think both things have some points.
You’re right that military industries should be nationalized, and I agree to a degree (I’d also rather not have the military industry power be 100% controlled by the state, so maybe 50% only).
But also capitalism, if done as it was designed to be done and heavily regulated, can also spark innovation.
Battery technology was in part invented really early on because someone wanted to get wealthy by creating a better mode of transport than the piston engine for example (it’s older tech than people realize). The issue was that once the piston engine was growing in popularity, there wasn’t heavy handed regulations in order to slow down it’s growth and prevent them and eventually the oil companies from using their new power to stifle electrics research.
I don’t think the solution to capitalism’s (and democracy’s by extension) downfalls has been invented or even solved on paper yet. But in the meantime, something in the middle might be the best solution than either extreme.