It is, if you can't imagine how innovation happens outside of capitalism then educate yourself. Google exists, go read up on how socialist countries develop and innovate. For example, you can read up on how Cuba is one of the few countries in the world that managed to develop covid vaccines.

[–] NuPNuA@lemm.ee -2 points 1 year ago (1 children)

How many if those countries are in the top economies? The G7? The G20 even? If their systems are so good why are they not dominating the world financially?

[–] yogthos@lemmy.ml -2 points 1 year ago

That's a fallacious argument. US led empire has dominated the world up to now because US wasn't directly involved in WW2. While the rest of the world burned, US profiteered from the war and the reconstruction after. That's why the world looks the way it does today.