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October 21, 2014

All Core iPhone Technology Was Initially Funded by the Federal Government

Screen Shot 2014 07 17 at 14.09.38 590x310 All Core iPhone Technology Was Initially Funded by the Federal Government

Financial Times: “This chart shows how every technology that makes it so smart, traces its funding back to a mission-oriented public agency in the US government which likes to pretend it believes in the free market when actually it has been one of the most interventionist in history.”

  • embo66

    Oh, give me a break. The Financial Times’ fantasy of a free market is just that: a fantasy. [Gee, are they all mad about the Internet, too?]

    The federal government wisely used to fund all sorts of scientific and technical research; over the decades it’s led directly to a wide variety of new markets and industries — all of which are owned and managed by the private sector, which often reaps high profits and which have more than paid back whatever costs the government originally incurred.

    Thanks to the Tea Party idiots now ruling the roost in the Republican Party, government spending on such research has been cut severely — and would be cut completely if the GOP has its way. Their ignorance of how both government and the REAL “free market” work is astounding.

    So . . . Let the Financial Times bankroll the next new techie invention, eh? What — not enough money? Then enlist the Koch Brothers. What — they’re not willing to part with so much of their earnings?

    Well . .. then let’s just let all research die. OK?

    Idiots.

  • Unsphexish

    “This chart shows how every technology that makes it so smart, traces its funding back to a mission-oriented public agency in the US government which likes to pretend it believes in the free market when actually it has been one of the most interventionist in history.”

    The Financial Times making a pretty damn bulletproof argument for greater government involvement in the marketplace, and research and development of cutting edge technologies especially.

    Right?

  • keyne

    I’m mystified by how CERN — a European Union research agency based in Switzerland — became a “public agency in the US government.”

    (The US contributed billions to the Large Hadron Collider project at CERN, but unless the clickwheel was directly related to the LHC the connection to US government funding is implausible. And HTML and HTTP were created by a Briton working at CERN two decades ago, well before the LHC funding.)

  • HeraSentMe

    The problem isn’t that the scientists funded by the people made those advances, it’s that those advances were then given away to selected private companies that kept all the profit.
    “Privatize the profit, socialize the losses”, has been the motto of American big business since well before the Transcontinental railroad was built with government money but owned by robber barons.

  • Richard Bottoms

    I’m shocked. Next you’ll be telling me Boeing originally built the B-52 to fly tourists to Russia before the gummint got all in their business.

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