BoatBanter.com - View Single Post - Does the private sector create wealth anymore?

D.Duck[_5_]

bpuharic wrote:
On Tue, 05 Jan 2010 18:35:34 -0500, wrote:

On Tue, 05 Jan 2010 18:13:31 -0500, Harry
wrote:

The government may have contracted out the internet, integrated
circuits and Tang but it was a private corporation that actually
figured out how to make consumer products that turned them into
wealth.
On the other hand if you look at the human genome project you will see
the NIH duncing around with this for 10 years and $3 billion dollars
with no real progress and a private company breaking the code in 24
months at a tenth the cost.

The government may spur innovation but they do not translate that into
wealth by promoting it.

We're talking basic research here...not products for sale.
There is plenty of research going on at Intel, IBM and the various
phone/PDA/gaming companies that translate into wealth.

i dunno that there is. i used to work for bell labs. they don't exist
any more. i used to work for texas instruments. they laid off all
their researchers and decided to buy what they need from the chinese.

Bell Labs exists under different names. I also used to work for the Labs.