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luckycat777 joined the community- Katharina Winner
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It's pretty much required for global dominance, especially against countries in East Asia that do like China etc. Private capital will not incubate complex R & D for 20 years and run at a loss etc. if you look at the state of American 'high tech'/'industry' today (and also publically traded corporate america as whole) it has been screwed up for about 4 decades due to obsession with short-term profits and quarterly profits, and corruption by the stock market which is not the real economy. Extreme De-industrialization happened fundamentally because the US was not cost-competitive. In a way humanity as a whole has been severely damaged- "High tech" merely means information tech or AI while other technologies that benefit human life/flourish have been neglected because it was 'not profitable' especially in the short term.- Katharina Winner
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Wrong again: In certain industries, especially in high tech/complex manufacturing they cannot survive/naturally developed without government involvement. Private Equity funds/Oligarch angel investor funds can only invest so much, often taking considerable financial risk. Overall Tesla/Boeing and other 'strategic' companies are heavily state-funded/state infiltrated. By the definition of ideological purists they are socialist enterprises. TBH government contracts are hardly market competitive (basically legalized corruption if you think about it). https://en.wikipedia.org/wiki/TSMC Taiwan Semiconductor Manufacturing Company Limited (TSMC or Taiwan Semiconductor)[5][6] is a Taiwanese multinational semiconductor contract manufacturing and design company. It is one of the world's most valuable semiconductor companies,[7] the world's largest dedicated independent ("pure-play") semiconductor foundry,[8] and Taiwan's largest company,[9][10] with headquarters and main operations located in the Hsinchu Science Park in Hsinchu, Taiwan. Although the government of Taiwan is the largest individual shareholder,[11] the majority of TSMC is owned by foreign investors.- Denni Parkinson
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Started with season 21.- Kelly Thiebaud