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Comment by culi

1 day ago

All economically transformative technologies have done similar. If it's privatized, it's not gonna be transformative across the industry. The GPS, the internet, touchscreens, AI voice assistants, microchips, LCDs, etc were all publicly funded (or made by Bell Labs which had a state-mandated monopoly that forced them to open up their patents).

The economist Mariana Mazzucato wrote a great book about this called The Entrepreneurial State: Debunking Public vs. Private Sector Myths