Markets discover novelties that can be exploited by voluntarily organized capital. States are useful in ‘catching up’ when behind, or funding research and development that cannot be voluntarily organized. Hence the importance of the relation between basic research and military.
Source date (UTC): 2021-09-16 00:38:16 UTC
Original post: https://twitter.com/i/web/status/1438301172591431689
Reply addressees: @WesternRenaiss2
Replying to: https://twitter.com/i/web/status/1438299855986651141
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