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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (507547)8/24/2009 10:56:30 AM
From: i-node1 Recommendation  Read Replies (2) of 1578479
 
While there are numerous misleading remarks in your post, this one stands out:

. Cost controls stifle innovation.

False. The United States is home to groundbreaking medical research, but so are other countries with much lower cost structures. Any American who's had a hip or knee replacement is standing on French innovation. Deep-brain stimulation to treat depression is a Canadian breakthrough. Many of the wonder drugs promoted endlessly on American television, including Viagra, come from British, Swiss or Japanese labs.


While it is true you can find particular drugs, tests and devices that didn't originate in the US, half of medical innovation in the world comes from the US. Probably more.

More importantly, essential discoveries like CT scannners, might be invented in other countries but literally cannot be developed and marketed there. The CT is a case in point. Discovered by the Brits, they tried to market it on their own, and failed miserably. Only after EMI licensed the technology to GE did it turn into a viable product that made peoples' lives better.

This is the way it works. The US has the economic and capital structure to ENCOURAGE innovation. These other countries have to innovate IN SPITE of where they're located.
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