"The Entrepreneurial State" <<>> Where did we go wrong?

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            If you believe that everything we are using to post photos on Flickr was created by private industry, unaided by the US government, you should read this book! I knew it's not true, because, as a physicist, I worked on programs funded by US government agencies that led to all our daily life Goodies, including my iPhone and its camera, iPad and its camera, iMac, and iBook Pro!! It's also true for your Windows machines, your digital cameras, and anything advertised with the word Smart. 

I bought a copy of this book on Friday, at Barnes and Noble in Tucson, because on Thursday, I saw an TV interview with Marianna Mazzucato. She described what I knew to be the case from my career as a physicist. Everything we use or consider cutting edge technology today is based on and derived from research that was originally funded by the US government.  This was apparent to me and I assumed to everyone. 

Modern society is based on those technologies and inventions first funded by the US government. These investments were crucial to our country's well being. The funding agencies included The Advanced Projects Research Agency (ARPA aka DARPA,) The National Science Foundation (NSF), and the National Aeronautics And Space Agency (NASA)...There are probably others. These agencies provided the seed money that that led to projects and programs and companies that created our nation's economic well being and military might.

I would add that the G.I. Bill of Rights after the second war paid for all our military to go to college and universities. One might include various government funded fellowships that enabled us to train and use some talented individuals who participated in this research and development. 

Where did we go wrong? By not enabling the US government to collect royalties or retain shares in a resulting company's ventures and the enormous wealth that these inventions allowed to be generated by the recipients of the government grants and aid. To us, it looked like the government was increasing budget deficits, when in fact it was stimulating the generation of enormous private and corporate wealth.

We seem to have learned our lesson. When the government did bail out the US automobile companies recently, we did obtain a piece of the action!! I think all computer, internet (originally known as Arpanet,) and digital electronics microchip companies should be paying royalties and 10% of all profits to the US Government (that's we the people)!

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Taken on: January 10, 2016

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Camera: Apple iPhone 6 Plus, f/2.2, 1/40 sec, 4.2mm, ISO 32 (more info) (hide info)

Camera:	Apple iPhone 6 Plus
Aperture:	f/2.2
Exposure Time:	0.025 sec (1/40)
Focal Length:	4.2mm
ISO:	32
Exposure Bias:	0 EV
Flash:	Off, Did not fire
Exposure Program:	Program AE
Exposure Mode:	Auto
Metering Mode:	Multi-segment
White Balance:	Auto
Color Space:	sRGB
Software:	9.2
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