Quote:
Originally Posted by aceventura3
There are different types of billionaires. Those that change the world are the one's that create something that changes the world from an idea and a willingness to take a risk. These are the one's we need.
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ace, it was a significant government investment in creating the "information superhighway" in the 80s that provided the foundation for many of today's internet billionaires.
More recently, the govts of every other industrial nation have invested in a national broadband infrastructure, recognizing that it is a necessity in leading to the private development of more emerging technologies.
These same govts have supported, though tax incentives, etc, the private development of clean energy technologies, leaving US companies behind.
Private entrepreneurs dont create something that changes the world in a vacuum. More often than not, those innovative enterprises were built on a foundation of govt investment in one form or another.