US is falling behind in technology markets:
“We no longer have a lock on technology,” David Baltimore, a Nobel laureate and the current president of the California Institute of Technology, wrote recently in the Los Angeles Times. “Europe is increasingly competitive, and Asia has the potential to blow us out of the water.”
A good example is broadband. Most experts predict that when a critical mass of homes and businesses acquire high-speed internet connections, an explosion of economic growth will follow as whole new industries, such as video-conferencing and online video gaming, become possible. But these new industries are likely to flourish in whichever countries achieve near-universal broadband first, and at the current pace, that won’t be the United States.
So subsidize it… Please?
But overall the US is doing squat right now to position their (our) economy well in the future. Energy efficiency? We don’t even give a rats ass, and that could turn into trouble.
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