bripat9643
Diamond Member
- Apr 1, 2011
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Pretty much what I said about Apollo being a first customer.. The innovation was very distributed through industry. Not a focuse effort by govt...
Without government investment and purchasing, integrated circuits would have taken years longer to get into the marketplace.
And this is certainly not the only example of both direct and indirect beneficial government investments in research. Damn few companies out there conduct unapplied research. How many satellites would be in orbit? Would we have a Hubble? Any of the manned missions? Mercury, Gemini, Apollo, the Shuttle or the ISS? Any of the planetary probes? Why didn't business fund the Human Genome Project? Surely there was money to be made there? How about the massive biological surveys that have been conducted across several nations? There's all manner of stuff that the goverment has funded, that has benefitted humanity six ways from Sunday, that no business would ever have put a dime towards: too risky and too little gain to be had.
Arguing that government is all bad is just a crap position.
Part of the conservative business direction is no R&D. Too risky. While laying off workers who create wealth is not. Shrink to success. Even though that's never been the case in corporate history.
You must be on LSD when you read books on economics.