Quote:
Originally Posted by aceventura3
....Government is good at building roads, not picking emerging technologies. Given governments track record compared to the private sector, the private sector is much more efficient in allocating capital.
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Govt has always supported emerging technologies through tax incentives, etc. and in many instances, funded the foundation (IBM, for example, survived on federal grants during its early years in the 50s...and it was federal funding in the 80s that created the infrastructure that led to the internet and all the resulting private enterprises and investment)
It becomes an even greater necessity in order to be competitive in a global economy.
The latest example...of the top 25-30 companies around the world in clean energy technology -- wind, solar, advanced batteries, etc. -- only four are American companies. In large part because other govts see the value of supporting the development of those technologies, recognizing the payback in a global market.