28 July 2021

technical stagnation under late capitalism

The relative scientific and technical stagnation under late capitalism is hardly a new observation, but one that bears repeating.
Our best minds are largely at work making shiny things we don't need or figuring out how best to sell it to us. Pure scientific research is at an all time low and research departments directed in some way by profit motive are the norm. We think we're living in a sci-fi future because that thinking sells shiny things and advertising works. But the slowing down in the rate of technical advancement has only really just begun... It takes about a generation before the fruits of raw research can be deployed as technologies, and we will only really see real downside of this approach a generation of two from now - just when we could use all the science we can get to save us from the ecological disaster also wrought by run away capitalism.

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