Capitalism is a social technology that directs resources toward valuable uses, increasing the total wealth in society. As a social technology, it organizes people and resources into systems and processes. When capitalism directs resources toward processes that discover valuable knowledge, it becomes revolutionary. There are many sub-technologies associated with capitalism. Double-entry bookkeeping, joint stock corporations, … Continue reading No More ‘Better Mousetraps’: How Financialization Discourages Technological Improvement