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Cake day: August 9th, 2023

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  • frezik@midwest.socialtoTechnology@lemmy.world*Permanently Deleted*
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    7 days ago

    Large corporations are allergic to capital expenditures. That is, they don’t like investing in new things to make the business run. They want their previous investment to run as long as possible. On occasion, the workers will arrange big projects to be covered as “maintenance” rather than capital expenditures.

    Oil companies have invested in oil pumps and refineries. They could invest in all sorts of other things, but that’s less money in the hands of shareholders. That’s all there is to it. Money spent on new investments isn’t making them richer right now.





  • On the contrary, this is pretty close to what we have right now. Companies don’t like to spend much on R&D once they’re out of the startup phase. A good chunk of that startup phase R&D was actually taking place at a university with public funds. This is especially true of pharmaceuticals. So the answer to the question of “when does it get handed off to private industry?” is to just look at what’s happening already.

    The exception is big monopolies. AT&T’s Bell Labs is a legendary R&D department. IBM, Microsoft, and Google all likewise have significant pure R&D going on, and even engineers who don’t like those companies salivate at the opportunity to work in that capacity for them.

    But then you’ve got big monopolies on your hands, and that’s a whole other problem.