[lbo-talk] The SMB in a socialist economy?

[Miles Jackson]

SA wrote:
> Miles Jackson wrote:
> 
>> Let's turn the question around: has any semiconductor firm 
>> successfully developed a product without relying on the knowledge 
>> generated by decades of government funded research on electronics and 
>> computer technology?
> 
> 
> No. But that would only tend to support the idea that private 
> semiconductor firms should develop products based on government-funded 
> research. No?
> 
> SA

What I'm drawing into question is the notion that private industry is 
necessary for technological innovation.  If the more or less socialist 
technology production coordinated by government had not happened, none 
of the private semiconductor companies would have had the infrastructure 
and core knowledge to develop any products.  My point is that the 
reverse is not true.  (The private companies are the social parasites 
here; government funded research and design is the fundamental driver.)

Miles