Random train of thought as I was driving in to work today.
I've said before that I think profit is the enemy of innovation. Companies invent, but want to hog all the profit for themselves, so they apply for patents and copyrights, preventing other people from copying and possibly improving on their product.
However, I took that thinking a step further. If you want to invent and innovate, you need funding. Where do you get that funding?
Off the top of my head, there are three possibilities:
- Donations
- Profit from unrelated product(s)
- Profit from previous innovation
So it looks like profit is a necessary evil when it comes to innovation.
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