M
It’s also a state of permanent revolution, Capitalism is the most revolutionary force in human history - rise/fall/re-invention.Capitalism is the single greatest vehicle for bringing freedom and prosperity to millions (perhaps billions) in human history.
We’ll just have to completely disagree with one another about the nature of capitalism. The dynamic nature of capitalism and its constant creative re-invention is why it survives in the face of competition.False - particularly when compared to the socialist revolutions in places like Russia in 1917 (leading to millions dead); China (leading to millions dead), etc.
That’s just disagreeing for the sake of disagreeing.No, it doesn’t “survive,” it thrives, because it beats the competition.
In the sense of a continuous cycle of innovation and “creative destruction.” After a couple of centuries, it would appear to be a fairly constant feature.Schumpeter?
As someone who knows that the best economies are mixed - socialized functions alongside market functions - I think yours is a nice solution.Im surprised more Catholics are not interested in Distributism which holds in a nutshell that:
A. Property ownership is good
B. Therefore the more people own property the better
C. Therefore big monopolies must be dismantled, of which there are two kinds
(I) big business
(Ii) state ownership
This suggests a middle way in keeping with Catholic social teaching, which is both anti-socialist and anti big business
Here we use a mobile robot to search for improved photocatalysts for hydrogen production from water15. The robot operated autonomously over eight days, performing 688 experiments within a ten-variable experimental space, driven by a batched Bayesian search algorithm16,17,18. This autonomous search identified photocatalyst mixtures that were six times more active than the initial formulations, selecting beneficial components and deselecting negative ones. Our strategy uses a dexterous19,20 free-roaming robot21,22,23,24, automating the researcher rather than the instruments. This modular approach could be deployed in conventional laboratories for a range of research problems beyond photocatalysis.