Government as innovator? You bet!

By Lee Hamilton.

Both government and industry are needed to solve big problems. Collaboration puts us in a stronger competitive position than either sector acting alone. Five years ago, the federal government spent $169 billion to fund basic research and development. This fiscal year, it’s down to $134 billion. People who believe in public belt-tightening applaud drops like that. I understand why: there are many reasons to reduce government spending. But in this case they’re wrong. We need to boost the government’s investment in R&D, not slash it.
 
Rate this article: 
No votes yet