The military industrial complex, endowment funds from large colleges and academic research created Silicon Valley. American corporations are fading into irrele

The military industrial complex, endowment funds from large colleges and academic research created Silicon Valley. American corporations are fading into irrelevance through "financial management". Manufacturing powerhouses like Boeing and Intel are a shadow of their former selve and are really just coasting on inertia. Pretty much everywhere you see "innovation", you will see government money. Look at the pharma industry. I doubt there's a drug out there that wasn't created by researchers using federal grants. I'm often reminded of the story of Tetris. A handful of Soviets created the game. What was capitalism's contribution? Licensing agreements, sub-licensing agreements and so on. Put another way: building enclosures. That and rent-seeking is really all American corporations do anymore.