Comment I got bad news for you (Score 1) 38
That's because of what a margin is. The margins on research and development are really shitty. Truly innovative technology more often than not takes decades and decades to pay off. So if you are investing there is no way in hell you are going to put money behind something like the internet because you're looking at spending hundreds of millions of dollars for a payoff you're not going to see in your lifetime when you start at the investment.
It's like how we've got all these billionaires getting into rockets after the government did the really expensive work of developing the tech and then acting like they are all innovative and shit...
Another good example is that fancy insulation. It was developed in the 50s but there wasn't any way to make it affordably or economically. It wasn't until I think the 2010s that there was even a way to manufacture it in a way that was worthwhile for any applications outside of the space shuttle.
Try to imagine something to takes 60 years before you can even think about an affordable way to manufacture and monetize it. That's how most technology actually is. And that's why most innovations come out of public universities and public research grants.
The Reason China is ahead of America is because their government is still pouring money into basic research. They can do this because their economy is still growing rapidly as they use up the excess population they got from a couple of big baby booms.
America Can't do that because our economy is in growing fast enough to satisfy the greed of our ruling class and also maintain a functioning civilization. It's kind of like how Japan is stuck in a permanent recession because they don't have enough resources and money to simultaneously maintain a ruling elite that can hang with guys like Elon Musk and a functioning working class.
Basically your economy needs to be able to support mega yachts while also supporting a small middle class on top of research and development and you need a super fast growth cycle to pull that off that isn't sustainable. Give China a few years and they're going to have the same problem everybody has. Capitalism is breaking down and socialism isn't acceptable to people (and no China is not socialist or communist they have a private Health Care system for fucksake).
I've said this before but given the capitalism is breaking down and socialism isn't emotionally acceptable we need to figure out a third option or we need to get comfortable with intense poverty for everybody except about 10,000 people.
If you're reading this you are not part of that 10,000