this post was submitted on 09 Feb 2024
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The blue LED was supposed to be impossible—until a young engineer proposed a moonshot idea.

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[–] gmtom@lemmy.world 4 points 10 months ago (1 children)

The CEO of the time who actively went against the conventional wisdom of capitalism to fund a person he had know for decades and personally knew how capable he was.

Then as soon as that CEO left the personal connection was gone and typical capitalist mentality took over and tried to shut it down

Just like almost every big discovery this happened in spite of capitalism, not because of it.

[–] iopq@lemmy.world 2 points 10 months ago (1 children)

That could happen in socialism, where a government grant runs out and research is no longer funded because the person in charge of funding science changes.

[–] gmtom@lemmy.world 0 points 10 months ago (1 children)

Socialism isn't "when the government does stuff" it's better thought of as when companies become democratised, so while it could still happen you have more chance to appeal to average people rather then purely answering to the CEO chasing profit margins.

[–] iopq@lemmy.world 2 points 10 months ago (1 children)

There's absolutely no law preventing you from starting a company like this

[–] gmtom@lemmy.world 0 points 10 months ago (1 children)
[–] iopq@lemmy.world 0 points 10 months ago (1 children)

Capitalism doesn't force you into a particular corporate structure

[–] gmtom@lemmy.world 1 points 10 months ago

Not explicitly, no, but there's a reason almost every company has the exact same corporate structure.