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China raises five demands during Yellen’s visit
(asiatimes.com)
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this post was submitted on 11 Jul 2023
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Indeed, I'm completely against intellectual property as it holds back humanity as a whole for the benefit of enriching a small minority and creating inequality.
Why would anyone bother to work on anything if they couldn't exploit their invention or creation for money? Where would the money come from for R&D to fund the creation of further stuff if the last stuff was never able to break even?
That's not an answer is it?
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.
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?
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.