[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Who Is Bill Gates? (Full Documentary, 2020)

Here Is What Republican Voters Really Believe in. It's a Shame the GOP Has No Idea

guTTing america ... going back --- on Track

“The ElecTion is Over”... Trump HaTer Cindy McCain Trashes Arizona ElecTion AudiT ---“Ludicrous” (VIDEO)

DissidenT Episcopalians awarded $100 million worTh of property ... as U.S. Supreme CourT --- declines To Take up Fort WorTh case

Joe Biden needs to stop lying about the cause of the border crisis and start fixing it

George W. Bush says ... The Republican ParTy has a shoT aT fuTure elecTions if iT curbs --- iTs 'whiTe Anglo-Saxon ProTesTanTism' ( heriTage )

BREAKING EXCLUSIVE - TGP’s Jordan Conradson InTerviews AZ AudiT DirecTor Ken BenneTT — HUGE DEVELOPMENTS ... Including Plans To Triple OuTpuT --- QuesTions on Number of FraudulenT BalloTs (VIDEO)

Can Democrats Avoid a Wipeout in 2022?

Biden declares war on America -- literally

Former Trump assisTanT says ... 'freighT Train' of elecTion resulT audiTs coming --- 'The MAGA movemenT is demanding answers'

Tim Scott's 2024 Star Rises After Biden Rebuttal

“We Will Find MisTakes – IrregulariTies ... We Probably Are Going To Find OuTright Fraud” --- AZ GOP Chair Dr. Kelli Ward Give - UpdaTe on HisToric AudiT (VIDEO)

Australia security official warns nations are ‘beating drums’ of war amid Asia-Pacific tensions

Former Obama White House advisor Seth Andrew arrested, accused of stealing from charter school he founded

This is fo sucking funny ... Joe has no clue --- The dumbocrap leaders are in a hearT aTTack panic!!.

The voter suppression lie

War Room ... Rachel Maddow Is Worried abouT whaT AZ ElecTion AudiT will Find — She Knows Georgia Is NexT

Conspiracy Queen Rachel Maddow ... Panics Over --- ‘Dangerous’ Arizona Vote AudiT

‘True To iTs docTrine’ ... ConservaTives plan for a new church afTer UniTed MeThodism spliTs --- over homosexualiTy debaTe

Michael Eric Dyson - WhiTe People Can Help BLM ...by Holding RacisT RelaTives --- ‘To AccounT’ aT Thanksgiving

Derek Chauvin ... The GreaT --- WhiTe DefendanT

New Mexico state trooper executed by Mexican cartel member… Horrific Video

John Kerry in Earth Day wonderland

Democrats Are Cheaters

Derek Chauvin's FaTe ... Is Now in The Hands --- of The Jury

Fools' overture

Democrats Are Terrified of Georgia

Climate Media vs. Climate Science

Why We Black Leaders Support Voter ID Laws

Pelosi: ‘No Plans' to Bring a Court-Packing Bill to the House Floor – at This Time

B-1 Bombers Are Deploying To Norway For The First Time With An Eye On Nearby Russia And The Arctic

High School Coach Fired After Refusing To Enforce “Insane” Outdoor Masks During Sports

CNN Says Chinese-Style Fonts Are Racist

Gran Torino Denounced for Anti-Asian Racism

'It Is Still Not Safe To Go Outside,' Says Fauci's Head In A Jar In Year 2739

Biden Re-Ignites the Waco Fire

Over 500 White People Have Been Killed By Cops Since 2020. There Has Been No Rioting Over Those Deaths.

Buttigieg on Exaggerated Infrastructure Jobs Estimate: ‘I Should Have Been More Precise’

Videos - ChrisTians Tear Down MeTal Fences ... Denounce The Closure Of GraceLife Church --- Due To A COVID-19 ResTricTions

Pete BuTTigieg ... To evangelical vaccine hold-ouTs --- Maybe iT's parT of God's plan

TINHORN FLATS ... The Symbol of Modern Day America --- AgainsT Tyranny

This Trial is a ToTal sham ... The enTire power of The sTaTe - media - lefT-wing shock Troops - counTry's finesT legal TalenT ... is being deployed againsT Derek Chauvin.

A few billionaires currenTly have The power To decide ... ThaT some Americans’ speech righTs are more sacred Than oThers --- Clarence Thomas offers a remedy.

Biden Defense Secretary Orders Several “Immediate Actions” to Weed Out ‘Extremism’ in the Ranks

Target selling book that includes prayer to 'hate white people' in 'Religion' section

America is losing its religion — and the effects will be long-lasting

Conservative Grassroots Begin to Take Back Wisconsin

Ron DeSantis Is What the Post-Trump GOP Should Look Like

White House pushes back on conservative argument over Georgia, Colorado voting laws amid MLB dispute


Status: Not Logged In; Sign In

Business
See other Business Articles

Title: The Proper Role of Government in Science and Technology
Source: Technology, Policy, Society
URL Source: http://technologypolicysociety.blog ... per-role-of-government-in.html
Published: Aug 20, 2013
Author: Eric Blankenburg
Post Date: 2013-08-20 20:23:23 by jwpegler
Keywords: None
Views: 2110
Comments: 2

America's economic might has always rested on our ability to innovate.

The cotton gin, light bulb, air plane, assembly line, microprocessor, internet, e-commerce... America has thrived because our system supported an environment of both technological and business innovation.

For the last several decades, there has been a lot of debate in this country about the proper role of government in science and technology.

The debate crosses ideological lines.

For the purposes of our discussion, let's define three terms:

1.) Basic research focuses on creating and testing fundamental theories.

2.) Applied research examines those fundamental theories in the context of a specific set of circumstances.

3.) Commercial product development uses the findings of applied research to create specific products for market consumption.

In my view, the government has a role to play in basic research. By definition, the goal of basic research is to understand the world around us. While the discoveries that result from basic research will hopefully lead to a better understanding of the world in which we live, there are no direct commercial goals or immediate benefits that are being pursued by the research. Knowledge is the only goal. While there are some large companies who invest in basic research, most enterprises that do research at all focus on applied research -- how basic knowledge applies to a certain set of scenarios.

Conversely, the government shouldn't have any role at all in commercial product development. The success of commercial products is best left to market mechanisms, including the all important mechanism of trial and error. The history of the world is clear -- top down government planning of markets only leads to stagnation and impoverishment, while freedom and competition in delivering products and services leads to innovation and growth.

What about applied research? It's an area that is open for debate. The closer an applied research project is to basic science, the more justified the government is in being involved. The closer the project is to commercial product development, the less justified the government is in being involved. It should be noted that many companies have broad, deep, and successful applied research programs. Not all companies benefit from their own applied research. Look at Xerox, whose Parc Research Labs invented much of the foundation for modern computing, yet Xerox never commercially benefited from this research at all. So, the government's involvement in applied research programs should be viewed with some skepticism, because the market already does a great job.

So, what is the Obama administration's score on this? It's actually mixed.

The one good thing the Obama administration did was to dock the Space Shuttle, which at this point was mostly a commercial venture involved in launching satellites and resupplying the international space station. In other words, it was a delivery truck. The result is that a plethora of companies (like SpaceX) are jumping into the satellite launch market. The new open commercial market for satellite launches has also spurred companies into pursuing a new space tourism market as well. NASA monopolized space launches 10 years longer than it needed to. The one good thing the Obama Administration has done is put an end to NASA's monopoly of the commercialization of space.

Unfortunately, among the worst things the Obama Administration has done is try to pick winning and losing technologies (e.g., plug-in electric cars vs. hydrogen fuel cell cars) and technology companies (e.g., Solyndra, Fisker Automotive, etc.) in the alternative energy market. Predictably, their record has been a miserable failure, with political payoffs and bankruptcies as the immediate outcome. In the long run, it will take us longer to move to green energy sources because companies are improperly allocating resources chasing tax dollars rather than figuring out what the real future of energy might be.

Here is the lesson that we should all learn from the government's successes and failures in science and technology over the last several decades: The government should spend money on pursuing the big, basic scientific questions of the day. But they should stay away from influencing the directions of the commercial market.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: jwpegler (#0)

The one good thing the Obama administration did was to dock the Space Shuttle

I would disagree with this point. That was another bad thing Obama did. He did it because Americans were proud of it. He doesn't like Americans having anything to be proud of.

It isn't one of us.

A K A Stone  posted on  2013-08-20   21:40:58 ET  Reply   Trace   Private Reply  


#2. To: A K A Stone (#1)

The Space Shuttle was a source of American pride 25 years ago. Today, it's a delivery vehicle. The government's taxpayer subsidized space delivery business caused entrepreneurs to shy away from the business. This has stalled progress in space.

Regardless of the motives Obama may or may not have had, he did the right thing for once.


NSA SEARCH TAG: Tea Party, White House, Constitution, Obama, Allahu Akbar, Air Plane, Pressure Cooker, Ruby Ridge, Waco

jwpegler  posted on  2013-08-21   17:55:37 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com