this post was submitted on 10 Aug 2025
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I would throw in the argument that the pace at which innovation happens is fostered by competition.
That's not the only motivation, of course. There's curiosity, passions, social movements, etc. But market pressure seems to be a huge driver.
Market pressure forces innovation in the direction of profit, not satisfying needs. Enshittification is an example of innovation that negatively impacts the user experience. At lower stages of development, markets can be a part of an overall planned system and have great growth, but they need to be managed carefully by a socialist state, a la the PRC, or you end up with private monopoly and megacorps that control the state like the US.