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Meanwhile, the Chinese & Russian governments are investing heavily in US tech companies (par for the course). But China is also investing heavily in domestic R
by beambot 9y ago
Meanwhile, the Chinese & Russian governments are investing heavily in US tech companies (par for the course). But China is also investing heavily in domestic Robotics, AI, Energy, etc. in a way that is unfathomable by American standards. Technology dominance isn't a right... it's earned.
My guess: The US government has no stomach for the power-law economic outcomes associated with innovation. Our politicians cannot stomach 9 Solyndras for every 1 SpaceX... so they opt instead to turn away from high-tech investing. It will be a problem.
- sjg007 9y agoNo you are forgetting US defense spending which is investment.. DoD, DARPA, and all of the big defense companies.