AS Non-Fiction: US government to centrally manage innovation.

Posted by freedomforall 1 year, 7 months ago to Politics
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Excerpt:
"With their empire shrinking, embarrassed, and nearly bankrupt, the Ottoman ruling class finally decided to do something about it.

Hilariously, their solution was having the central government’s bureaucracy manage the reforms and innovations.

And to them this made perfect sense: the government bureaucracy controlled nearly everything in the empire. There was no private sector without the government. So why not have the government manage innovation too?

I was reminded of this recently when I was reading through the 1,054 page CHIPS and Science Act, which is imminently about to be signed into law by Ibrahim the Mad President Biden.

(And, yes, ‘CHIPS’ is an acronym: Creating Helpful Incentives to Produce Semiconductors. Jeez.)

In addition to showering hardware tech companies with $52 billion of taxpayer funds under the auspices of restoring America’s technological leadership, the legislation will also put hundreds of billions of dollars in the hands of government bureaucrats, supposedly to advance science and technology.

This is totally nuts, for a lot of reasons."
SOURCE URL: https://www.zerohedge.com/news/2022-08-01/us-government-centrally-manage-innovation-its-genius


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  • Posted by VetteGuy 1 year, 7 months ago
    Well, the other way to promote production in this country is to remove all the government obstacles. They obviously can't do that. For one thing it is what Trump tried to do, therefore it is automatically off the table. For another thing, it means giving the government less control, when they obviously want more. In John Galt's words: GET OUT OF THE WAY.

    FWIW, I am definitely in favor of not having our critical manufacturing in the hands of enemies or even allies in precarious situations (Taiwan, South Korea).
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  • Posted by mccannon01 1 year, 7 months ago
    When I read this: "In other words, the same people who insist that a man can be pregnant, that biology is “fluid”, that wearing two masks is “common sense”, and that “2+2 = White Supremacy” are now in charge of scientific and technological innovation.

    You just can’t make up this amount of stupidity." I figure it's over. Good article. Referencing the Ottoman empire is priceless.
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