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by digitaltrees 1843 days ago
That would be like saying venture capital is a waste of economic resources because most start ups fail. We should take risk knowing that failure is a part of the path to learning. Government has demonstrated clear ability to spur innovation through investment. American has a successful market economy specifically because of a good active government not in spite of it.
1 comments

Wrong. It’s like saying a certain venture capital firm is a waste because they have a decades long history of making disastrous choices.
But government doesn’t have a decade of disaster it has produced the most productive dynamic economy in history, massive amounts of technology and global corporate infrastructure. Focusing on the failures in the portfolio while ignoring the clear successes like the federal highway system, the internet, GPS, space travel etc is willful blindness.