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posted to rec.boats
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First recorded activity by BoatBanter: Dec 2009
Posts: 4,106
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Does the private sector create wealth anymore?
On Tue, 05 Jan 2010 23:55:06 -0500, wrote:
On Tue, 05 Jan 2010 20:30:47 -0800, jps wrote:
So, even with a profit motive, those breakthroughs (as well as
regrowing hair) remain elusive. That does argue against enterprise
being the better of the research arms. If profit isn't within reach,
an enterprise may choose to curtail development whereas a government
funded research effort is more likely to be driven by academic
acheivement and treat products as a by-product.
I agree and that is why a lot of things that the government backed
research came up with have very little commercial application.
like the PC and the internet? and, given the failure of the free
market in the last year or 2, it seems the free market isn't all that
good at innovating either, except for creating financial instruments
that lead to disaster
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