Implies that 'that major machinery of capitalism' is an assumption. If it doesn't happen even under optimal conditions, you've learned something about the assumptions you've been taught as axioms.
well.. capitalism is still what made them happen, so we can still have that as an assumption.
I think the real takeaway here is the right conditions within companies can lead to breakthroughs. If a company employs the smartest engineers and gets them to work 12 hours days, it's obvious that they are going to take the lead.