Forum Discussion
eltejano1
Jun 19, 2008Explorer
Dan:
Government has to do some things - like basic research and development on new technologies. Private industry simply cannot invest in questionable ventures that may or may not succeed and will show no short-run return The space program is a good example. Govt develops and industry applies.
I daresay there wasn't a single private investor in all of Europe who would have funded Columbus's hair brain voyage to the Orient by sailing West! Government had to do it - and reaped rich returns from their investment.
Government has a vital role to play in solving this crisis, although they rarely work fast enough, or efficiently enough, to satisfy us.
Jack
Government has to do some things - like basic research and development on new technologies. Private industry simply cannot invest in questionable ventures that may or may not succeed and will show no short-run return The space program is a good example. Govt develops and industry applies.
I daresay there wasn't a single private investor in all of Europe who would have funded Columbus's hair brain voyage to the Orient by sailing West! Government had to do it - and reaped rich returns from their investment.
Government has a vital role to play in solving this crisis, although they rarely work fast enough, or efficiently enough, to satisfy us.
Jack
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