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I think Fareed Zakaria makes a good argument from this article in 2011: http://www.washingtonpost.com/wp-dyn/content/article/2011/03/06/AR2011030603307.html htt
by adevine 12y ago
I think Fareed Zakaria makes a good argument from this article in 2011: http://www.washingtonpost.com/wp-dyn/content/article/2011/03/06/AR2011030603307.html http://www.washingtonpost.com/wp-dyn/content/article/2011/03... . Basically, the share of taxes that go to productive investment (like the Interstate Highway System, GPS, ARPANet, basic research, etc.) is shrinking compared to entitled consumption spending (Social Security, medicare). The current political system in the US makes it exceedingly difficult to either (a) increase government investment spending or (b) decrease entitlement spending.
- nl 12y agoPrecisely, and I think that is the point the author should have concentrated on. New approaches there are needed.
- spikels 12y agoThat's the real issue. What are these new approaches that will actually work? Many things have been tried before and the track record is very poor. And stepping back is a shortage of funds really the problem holding back innovation? Seems like there is plenty of seed and VC money for good business ideas. I think more and better managed basic research is what the government should focus on. One area that seems obvious is basic energy research which seems grossly underfunded. http://dotearth.blogs.nytimes.com/?s=koizumi+research+energy+climate http://dotearth.blogs.nytimes.com/?s=koizumi+research+energy...