Re:The Myth of Welfare’s Corrupting Influence on the Poor
by mikeash on Sunday October 25, 2015 @01:00PM
(#10447423)
Pretty much all of that money comes from selling stuff they are only able to sell because of previous government R&D.
For example, without the government leaning heavily on integrated circuits in the 60s, would Microsoft and Google even exist today?
Re:The Myth of Welfare’s Corrupting Influence on the Poor
by abalone on Sunday October 25, 2015 @02:56PM
(#10447891)
...in late stage development which is MUCH less risky. Super risky early stage tech development mostly happens in the public sector at taxpayer expense through government agencies like DARPA.
Compared to $10 billion in R&D for Microsoft and Intel and $8 billion for Google: http://fortune.com/2014/11/17/top-10-research-development/