Technology

59132 readers

4134 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

922

Why It Was Almost Impossible to Make the Blue LED (youtu.be)

submitted 9 months ago by [email protected] to c/[email protected]

203 comments fedilink hide all child comments

The blue LED was supposed to be impossible—until a young engineer proposed a moonshot idea.

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

[–] [email protected] 3 points 9 months ago* (last edited 9 months ago)

Capitalists are motivated to innovate if there's undistorted competition. If they don't they will lose new markets. For exemple Microsoft and IBM failed to build the start of general public web search and Google won. More recently, Google failed the race to release the first general public LLM, OpenAI backed by Microsoft did.
There are probably as many examples of this as there are of companies ruining innovation for stupid reasons.
Though, what better system that a regulated "free" market do we have successfully tested? A bunch of political leaders deciding alone of what the companies should do? How does that prevent irrational decision that stops innovation? How do you prevent them from just doing whatever benefits them as seen in many authoritarian regimes that were supposedly socialist?