We are told that the free market is the best predictor of where technological innovation will come from. Therefore, Europe and the United States are where we can expect these innovations. This has been hardly true in the past 5 years.
During that time socialist China is leading the world in 57 out of 64 technological innovation categories. The mythmakers of capitalism did not include capitalist evolution from industrial to finance capitalism. Finance capitalism of the West today is not interested in technological innovation.
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