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Lots have even in America. 2 famous ones are the NIH and the National Laboratories. In fact, the largest, most advanced, and best known semiconductor manufact
by cogman10 11mo ago
Lots have even in America. 2 famous ones are the NIH and the National Laboratories.
In fact, the largest, most advanced, and best known semiconductor manufacturer is primarily government owned: TSMC.
The only thing that gets in the way of their ability to sustain innovation is administrations hostile to publicly funded research.
Outside of innovative industries, there are plenty of examples of important government ran organizations aren't "disasters". Some of which can only be effectively ran via government. For example, healthcare.
What's been a disaster is relying on privatization and capitalism to solve all problems. That's the system of government we had in the dark ages.
- raincole 11mo agoTSMC is not primarily government owned. Not only that, there was government-led chip research in Taiwan before TSMC (ITRI). And it was going nowhere. If Morris had stayed in ITRI, Taiwan would probably look like a developing country whose primary value is to host the US military bases today.
- cogman10 11mo agoTSMC's largest shareholder remains the Taiwanese government. And it would not have been a thing without the direct intervention of the government through ITRI. It would not exist without the government's direct intervention.
- specialist 11mo agou/nradov meant a functioning govt is a disaster for vulture capitalists.