The Economist: “It will take time for new ideas to have big effects. And in a world of 24-hour media, it will be hard to sweep unavoidable stories of wasted money and failed projects under the carpet—however inevitable, even welcome, some sorts of failure may be. But at a time when the need to boost innovation has never been greater, politicians may conclude that rebooting the innovation system is worth the risk.”
A full reading requires the repurposing of Winston Churchill’s quip about democracy: “State-funded R&D is the worst form of R&D, except for all the others."
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