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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (826263)12/27/2014 11:31:08 PM
From: i-node  Read Replies (3) of 1581657
 
>> You've got to stop telling yourself you know what you're talking about because you don't. Most experimental products are started thru gov't research.

Some are; some aren't. Taxpayer funded basic research is the genesis of many products, but practically NONE would come to fruition without private money. The Internet is the best example, which was funded by a small amount of defense money, but lingered a decade and a half before private industry turned it into what it is today.

>> Frequently, its only gov't that has enough money and can afford to take the risk and do the research.

To the contrary, government spends about 70B/y on basic research while American companies spend in the area of 1/2 trillion a year. More importantly, R&D by private enterprise creates economic growth whereas money spent by government creates little. If government did not do the basic research much of it would end up being done by private enterprise anyway.

Again, the Internet is a good example. IBM and DEC were both innovating considerably in the networking area before government really did anything of substance. There is little doubt that these organizations and others would have eventually created what the public demanded.

>> Its a concept you will never understand because you are so steeped in ideological fervor and so afraid you won't get enough for yourself. Its a concept the red states refuse to endorse and that's why they tend to be backwards.

Nothing ideological about just understanding how the economy works.

>> This country is broke because it got an idiot president back in the 80s who was very popular because he had been a mediocre movie star with good looks.

That comment is totally off the rails and you know it.
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