Look at the last 50 years. iPhone, civilian internet, SpaceX, Tesla, Google, Amazon, Stripe, mRNA, ChatGPT. All private inventions, carried by entrepreneurs, funded by venture capital.
Half of this list wouldn’t grow that fast without a massive government investment at the very early stage.
Without these government subsidies some other entrepreneurs would be successful and this list would look differently today, e.g. myPhone, FineInternet, SpaceGuru, Lambda, Joogle, Forester, PatchPay, MadJab, DigiChat.
This doesn’t negate the main point the author is making. Exactly the opposite: it confirms the point.
Good article.
One amend:
Half of this list wouldn’t grow that fast without a massive government investment at the very early stage.
Without these government subsidies some other entrepreneurs would be successful and this list would look differently today, e.g. myPhone, FineInternet, SpaceGuru, Lambda, Joogle, Forester, PatchPay, MadJab, DigiChat.
This doesn’t negate the main point the author is making. Exactly the opposite: it confirms the point.