Palazzo in The Hill – Future innovation needs public-private balance
From the days of Edison and the Wright brothers to our own generation’s Burt Rutan and Steve Jobs, scientific innovation and technological advancement have always provided the basis for our country’s economic engine. These advancements have forever changed the way we live and the way we do business. They have been the sources of job creation, wealth and America’s place as a world leader.
Past generations understood that significant technological breakthroughs come at a price. Each dollar spent on research and development was an investment with risks and rewards, and often the list of successes paled in comparison to the failures that piled up along the way. Ours is a nation that has always believed the rewards outweighed the risks; that there is true value in investing in science and technology research. We cheered the innovative. We championed the entrepreneurial. We rooted for those who dared dream making possible the impossible. And we’ve reaped the economic and societal benefits many times over.
The Hill
4/3/12
