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Now watch as they give that $250B away to government contractors who then spend the money to offer more useless services to sell to the government. They'd be be
by encryptluks2 5y ago
Now watch as they give that $250B away to government contractors who then spend the money to offer more useless services to sell to the government. They'd be better off investing $250B into education and changing the curriculum to focus on open source initiatives. At least China is good at sharing ideas, even if they supposedly steal them from other companies. The issue with tech innovation in the US isn't that it needs more money, it is because it is a system designed around copyrights and proprietary BS that tends to attract the least innovation. Take Microsoft for example, they are now basically forced to adapt to Linux because their billions of dollars couldn't compete against an open source solution.
- akomtu 5y agoA more cynical stance is to assume the 250 billions will go to contractors who will outsource the actual R&D to China in return for useless "IP rights" that they'll use to sue each other. It seems, the "grumpy cat of the day" hat belongs to me now.
- whatshisface 5y agoDo you know of any stories of that happening in the past? (not that I find it hard to believe, just that examples that are hard not to believe are better than suggestions that aren't hard to believe.)
- sohei 5y agoThe solar subsidies in the 2009 American Recovery and Reinvestment Act are regarded as a failure by partisans in both parties. I think the US is beyond fixing at this point. This $250bn is going to end up in Teslas, yachts, and Florida beach houses. https://www.nytimes.com/2020/10/19/upshot/biden-stimulus.html https://www.nytimes.com/2020/10/19/upshot/biden-stimulus.htm...
- mnouquet 5y agoSame happened in France. Public money goes to French companies which then subcontract to China, manufacture there, to import the final product in France.
- pmorici 5y agoSeems like a tautology. By definition anyone the government pays money too for a product or service is under contract and thus a government contractor.
- astrange 5y agoThe point of this bill is to invest in tech research projects because that's what China is investing in. We already spend a lot (more than anyone else) on education and some of it is the best in the world, while some of it isn't.
- coolspot 5y agoMay I ask, in which areas you think US education is the best in the world? Math? Physics? Bio-science? CS? Gender studies?
- astrange 5y agoAll forms of advanced education, where we have the best schools, attract the most international students and researchers, win the most Nobel Prizes, etc. We've been back to winning the Math Olympiad since 2015 too.
- icelancer 5y ago>> May I ask, in which areas you think US education is the best in the world? Most. Net immigration and foreign students here show a pretty strong signal in that regard