That every company can be traced back to the state if you look far enough? So they should all be owned by the state?
> Second, most research projects are funded by grants not from the state - it comes from industry and places like that.
It does not imply everything should be owned by the state al all. It however imply that people really like to lie about this point for ideological reasons and in order to demonize everything state.
(Presumably it's the university that actually owns any patents from grad students or faculty [though they do share revenue with faculty inventors I believe] and they in turn license them to Google or other companies. So it's more of a transfer of wealth from the government to universities than to companies.)
This is an intention incentive created by the government to grow the overall enconomy, rewarding the risk takers (universities that hire PIs that do world-changing research).
Oh please.
"In the movie Steve Jobs, a character asks, “So how come 10 times in a day I read ‘Steve Jobs is a genius?’” The great man reputation that envelops Jobs is just part of a larger mythology of the role that Silicon Valley, and indeed the entire U.S. private sector, has played in technology innovation. We idolize tech entrepreneurs like Jobs, and credit them for most of the growth in our economy. But University of Sussex economist Mariana Mazzucato, who has just published a new U.S. edition of her book, The Entrepreneurial State: Debunking Public vs. Private Sector Myths, makes a timely argument that it is the government, not venture capitalists and tech visionaries, that have been heroic.
“Every major technological change in recent years traces most of its funding back to the state,” says Mazzucato. Even “early stage” private-sector VCs come in much later, after the big breakthroughs have been made. For example, she notes, “The National Institutes of Health have spent almost a trillions dollars since their founding on the research that created both the pharmaceutical and the biotech sectors–with venture capitalists only entering biotech once the red carpet was laid down in the 1980s. We pretend that the government was at best just in the background creating the basic conditions (skills, infrastructure, basic science). But the truth is that the involvement required massive risk taking along the entire innovation chain: basic research, applied research and early stage financing of companies themselves.” The Silicon Valley VC model, which has typically dictated that financiers exit within 5 years or so, simply isn’t patient enough to create game changing innovation."
Source: https://time.com/4089171/mariana-mazzucato/