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Politics : Formerly About Advanced Micro Devices

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To: Cautious_Optimist who wrote (879405)8/11/2015 2:28:40 PM
From: one_less  Read Replies (1) of 1570812
 
Innovation creates new industry and modern jobs. As new and better production is developed economy is grown and the new jobs replace old. We don't have as many 'smith' trades per capita as we used to. At the dawn of the industrial age we were 97% agrarian and 3% industrial. That statistic reversed, and now we must continue to innovate as less people are needed in manufacturing and more are needed in high tech. Rail Roads were king then came the trucking industry. The Petroleum age is beginning to make way for alternatives etc etc

When you stifle entrepreneurship, innovation, and development so you can provide unproductive jobs in the government, or you interfere with free market competition by having government employees perform work that should be competitive, you destroy economic growth and in time cause collapse of resources needed to pay for even the essential government tasks.
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