Most of the basic research was sponsored by governments well before commercialization was even possible. Government can take a long horizon on capital use speci

Most of the basic research was sponsored by governments well before commercialization was even possible. Government can take a long horizon on capital use specifically because it isn’t tied to profit. You may prefer the short term, quarterly reporting mindset; my point is there is a role for both governments and companies. Worship of one over the other loses the benefits of both working together effectively. Further, government actually does have competition. In a functional democracy, leadership can be changed periodically based on results creating competition over time. If you don’t like the way the system is functioning fix it. Additionally, In governments that have divisions like federal, state, county and local there is plenty of competition. Each state experiments with different public policy and measures the results. Look at the history of the LLC, It didn’t exist until one stare created it and the resulting competition caused all states to adopt it.