And most tellingly the innovations at Bell Labs didn't just arise in computing--the transistor, the solar cell, information theory, statistical process control,

And most tellingly the innovations at Bell Labs didn't just arise in computing--the transistor, the solar cell, information theory, statistical process control, the laser, the cell phone, and the discovery of cosmic background radiation are some examples. What Alan Kay is talking about is literally a cornucopia. Long term scientific research directed by scientists works.