Really? I'm pretty sure the internet wasn't researched and developed by corporations.

Yea, Bell Labs had nothing to do with the internet.

> Yea, Bell Labs had nothing to do with the internet.

Bell Labs existed in large part because AT&T was trying to justify its monopoly to fend off antitrust regulators.

Also, I think it had more to do with building the switched telephone network than it did with building the internet.

It was a pretty unique organization in time and space, and not at all typical of "corporations."

They’ve also used taxpayer giveaways to fund stock buybacks which really don’t have any effect on products they’re pushing to market. I don’t think anyone is really arguing that corporations don’t provide value, but there is a very valid to what effects tax policy have had (especially when govt makes these deals with certain envisioned effects, and without retrospecting to see if they did, we are bound to get into a place where money is poorly spent)

Not really, they used them to buy back shares while simultaneously expanding equity compensation plans for executives. There is very little corporate investment going on anymore despite many companies being awash in new cash.

I expected a more thought out answer from THE Jonathan Blow. There's 2 sides to every story and your reply only comes from one side.

Nah, all this R&D and CapEx is pretax.

That was actually the DoD, but no surprise you don't know that.