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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (890120)	9/29/2015 10:28:59 AM
From: TimF	Respond to of 1577019

With trillions of dollars of spending, your going to get some useful results (along with the not so useful or even negative results). But developing a product is not mostly about the basic science. Most of the work, and the vast majority of the value come after that. Finding some new molecular entity is much easier then confirming how it works, turning it in to a useful drug, testing that drug, producing it and marketing it. but this is a far cry from the common claim, such as Gordon’s, that it is the private sector that does almost all the important innovation For the molecular entities that were developed by the government, the private sector still did most of the important innovation. As for the internet there where multiple entitles public, private with public money, and private with private money that were networking networks in different ways. The federal government set up ARPANET, but it didn't even really develop that by itself. The idea was developed by BBN technologies. The devices where built by private companies. Sure putting them together and actually getting a system to work was an achievement and involved innovation, but there was a huge amount of private innovation, much of it not directed or funded by the government, that went in to even getting to ARPANET. Much of it the innovation that was government funded was done in universities, and usually not directly as a government project (but the universities get all sorts of state and federal money). ARPANET wasn't the only network of networks, and it wasn't what the internet is today. Most of the innovation that made it what it is today, esp. on the hardware side was private.