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China Vows to Centralize Tech Development Under Communist Party
(www.bloomberg.com)
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Name one major new innovation of the past 50 years that didn't rely substantially on government funding? NASA alone is responsible for most of the technologies in your cell phone, except for the touch screen which was funded by the Smithsonian.
I'll even tie one arm behind my back and we can ignore indirect things like public schooling or military conquest for resources like oil.