The People Vs the Politicians
@thepeoplevsthepoliticians1807·8.8K subscribers·72 videos
Biden Game: Spur Innovation, Create Jobs, Outsmart China
Posted
April 7, 2021
Views
17,648
Comments
53
Engagement
0.30%
April 7, 2021
17,648
53
0.30%
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7:35Now PlayingInnovation has long been the key to America's phenomenal success. Now, Joe Biden is betting that a new surge of U.S.innovation. spurred by government, will generate millions of 21st Century jobs and vault the U.S. ahead of China and other global rivals.
It may surprise you that a government scientist at the National Institutes of Health made the crucial scientific discovery and created the lab recipe that enabled Pfizer and Moderna to manufacture corona vaccines in record speed.
Another surprise: it wasn't Apple, Google or private enterprise, it was Uncle Sam and government agencies that spawned the mega tech discoveries that launched us into the Internet era, the GPS navigational system, and the touchscreen and talking voice on our smart phones.
"The Entrepreneurial State" is what economist Marianna Mazzucato calls this trend of the U.S. government spurring inventions. And it's key to President Biden's new infrastructure package - using government investment to power a new generation of innovations in energy, communications and climate science to drive U.S. economic growth and global competitiveness.
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