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by tayssir 6045 days ago
The New York Times has a handy little graphic about the link between federal subsidy/research and products which create a $1 billion industry: http://www.nytimes.com/imagepages/2005/04/01/business/200504...

(The accompanying article is here: http://www.nytimes.com/2005/04/02/technology/02darpa.html )

For more on how the system works, you can find a readable overview from sources ranging from Bill Gates Sr. to Noam Chomsky: http://www.taxpolicycenter.org/publications/url.cfm?ID=90058... http://www.zmag.org/znet/viewArticlePrint/8114

I'm not sure what pg means with "socialism." (Does this word mean that workplaces are run by the workers, an important concept within socialism? Or is it just something about higher taxes?) In any case, I probably don't agree with his argument that the profit motive is necessary for hard work, though I do believe that people who are their own bosses (self-managing workers) are likely much better for innovation than the alternative.