Quote:
Originally Posted by aceventura3
When we look at innovation in the private sector compared to government there is no comparison. For example Cisco Systems invested $1.4 billion in R&D in the fourth quarter of 2008, if we added all the R&D investment by US corporations and compared it to Government spending on R&D we would find government R&D spending small in comparison. Then if we looked at the return on the dollars invested the difference would be even bigger. In most cases government is not even interested in their R&D investment translating to something useful to society.
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Cisco would not even exist if it were not for basic research funded by DARPA and other organs of the Cold War state.