the way think about this is that the state is acting as a mega scale VC, with similar hit rate. Needs 1 out of 100 to make it. Wastage is simply part of this investment game, what needs to happen at end point is the creation of national champions and national industry. That is the Biden promise and if he delivers it, it will be worth it. For what its worth, I think 'he' will fail because this is a multi-decadal commitment, which the political system in the US will be unable to see through