Oh don’t forget that many innovations don’t come to the surface until companies have gotten their money out of the old ones. We miss out on a lot of technology for years because of that. And then there’s tooling changes leading to companies saying “what the fuck are you gunna do about it?” as they all keep making the same old crap. Sony had to invent the litium-ion battery for their cameras because all the battery companies were fine with making the old lead-acid stuff.

Capitalism doesn’t drive innovation, it gives into it when it absolutely has to but would prefer to not have to do anything new. New is expensive, and so the very idea of innovation is counter to capitalism’s goals.