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Thread: the free market taking care of our technological competitiveness in the future

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    Default the free market taking care of our technological competitiveness in the future

    asd

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    Quote Originally Posted by Ashton2 View Post
    Simply throwing more money at R&D doesn't necessarily make results come faster lol. And comparing ratios spent on R&D between energy, tech, and pharmaceutical industries is an apples vs. oranges argument; the contrast is meaningless. 0.25% is probably optimal given the nature of the energy business and the likely ROI.
    Econometrics also, unfortunately, cannot define scientific progress in a meaningful and complete way.
    asd

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    Well, I don't think you can expect coal and petrol industries to invest in R&D connected to green tech & energies. Start-ups & govt / universities seem to be a better place where such a "revolution" might happen, given that converting a coal and/or petrol industry to renewable-energy industry is probably more expensive than just closing it down and re-starting from scratch. We have a very innovative start-up called KiteGen, they didn't need any research, just an idea from one person. OTOH topics like nuclear fusion would likely require lots of money to be poured into R&D but I believe governments are already into that...
    Obsequium amicos, veritas odium parit

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