Do businesses actually innovate new technologies?

[coloradoatheist]

No government spending creating the internet and satellite/GPS technology and no Google or Google smart cars.

That's not unter's argument here, he is saying that companies don't innovate at all. There was an alternative to the Internet and then got merged...AOL and BBNs.

 

[untermensche]

No government spending creating the internet and satellite/GPS technology and no Google or Google smart cars.

That's not unter's argument here, he is saying that companies don't innovate at all. There was an alternative to the Internet and then got merged...AOL and BBNs.

That's not my argument.

My argument is that private innovation is not sufficient to create a vibrant economy.

You need the much larger government supported innovation to create a modern economy.

 

[coloradoatheist]

No government spending creating the internet and satellite/GPS technology and no Google or Google smart cars.

That's not unter's argument here, he is saying that companies don't innovate at all. There was an alternative to the Internet and then got merged...AOL and BBNs.

That's not my argument.

My argument is that private innovation is not sufficient to create a vibrant economy.

You need the much larger government supported innovation to create a modern economy.

People could figure out how to buy and make other things if the government got out of the way. It's just become the norm, people would adapt.

 

[Nice Squirrel]

People could figure out how to buy and make other things if the government got out of the way. It's just become the norm, people would adapt.

History shows otherwise. The great leaps forward have always been stimulated by government. Louis XIV centralizing France through the building of highways, the Renaissance in Europe, the Royal Navy, the American West....if there is no government, people will form one or one will be placed over them. Government will always be there. The question is how much should government intervene? The United States funds a huge amount of basic and applied research: http://en.wikipedia.org/wiki/Science_policy_of_the_United_States

 

[coloradoatheist]

People could figure out how to buy and make other things if the government got out of the way. It's just become the norm, people would adapt.

History shows otherwise. The great leaps forward have always been stimulated by government. Louis XIV centralizing France through the building of highways, the Renaissance in Europe, the Royal Navy, the American West....if there is no government, people will form one or one will be placed over them. Government will always be there. The question is how much should government intervene? The United States funds a huge amount of basic and applied research: http://en.wikipedia.org/wiki/Science_policy_of_the_United_States

I'm not an anarchist so there does need to a government, it has a role to play. The question is how much. But we also see failures where government plays too much role in the economy and it stalls and I believe that is what we are seeing today around the world.

 

[ksen]

It can be argued that the problems we're facing is because of too little government.

Sent from my SM-G900T using Tapatalk

 

[untermensche]

People could figure out how to buy and make other things if the government got out of the way. It's just become the norm, people would adapt.

Got out of the way of what?

Government spending is making the whole thing work.

Take that away and the system would implode.

 

[NobleSavage]

In OECD countries the private sector makes up two-thirds of R&D spending and governments and universities contribute 10-20%. http://en.m.wikipedia.org/wiki/Funding_of_science

 

[Nice Squirrel]

People could figure out how to buy and make other things if the government got out of the way. It's just become the norm, people would adapt.

History shows otherwise. The great leaps forward have always been stimulated by government. Louis XIV centralizing France through the building of highways, the Renaissance in Europe, the Royal Navy, the American West....if there is no government, people will form one or one will be placed over them. Government will always be there. The question is how much should government intervene? The United States funds a huge amount of basic and applied research: http://en.wikipedia.org/wiki/Science_policy_of_the_United_States

I'm not an anarchist so there does need to a government, it has a role to play. The question is how much. But we also see failures where government plays too much role in the economy and it stalls and I believe that is what we are seeing today around the world.

But with research? No doubt there is a lot because government is usually the funder of pure research, which is not research to make a product or service, but add to human knowledge. Sometimes government funded faulty research (gluten intolerance in individuals without Celiac's Disease) results in a new product boom (gluten-free products).