>It would be extremely competitive, just like VC is now, and picking the winners smartly/fairly would be just as difficult. Except that it would likely become

>It would be extremely competitive, just like VC is now, and picking the winners smartly/fairly would be just as difficult. Except that it would likely become corrupted like much of government contracting already is. At least VC are tossing their own money and don't have the same perverse incentive for corruption when you have government employees handing out bids to taxpayer money.