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by jeffreyrogers
1377 days ago
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I don't see how that is a refutation of what I wrote. For every example that people can point to of how government funding creates innovation you can point to a private example too. Heavier than air flight was mostly private money, jet engines were mostly government. The transistor was mostly private (Bell Labs) the IC was mostly government. In terms of energy the two most important things in the last few decades are solar and fracking. Solar got a lot of government subsidies, fracking improvements were largely due to industry. Edit: and there are entire industries, like petrochemicals, where most of the advances came from industry. |
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Wasn't Bell Labs indirectly funded by the French Government?