The technology that makes the iPhone so “smart” and makes the Internet possible was funded by the U.S. Government.
Mariana Mazzucato argues that it is a myth that “innovation is best left to the bold entrepreneurs of the private sector” and that “government should get out of the way.” However, the public section has been the most valuable risk taker of all from the inventions of Silicon Valley to medical breakthrough to electronic EVs? : the Entrepreneurial State: Debunking Public vs. Private Myths.
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