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Developing a symbiotic economic model

September 17, 2014

Without public funding, research and development most of today’s technologies and businesses would not be possible. Public spending routinely bears the risk and major expense, with businesses swooping in late in the game to make the profits and not repay the public debt. An example is Apple’s iPhone, which benefited immensely from publicly funded development of the Internet, GPS, voice recognition and touch screen technology. It is only after these tools were in place that companies such as Apple and Facebook were able to piggyback their ideas into success, without any reciprocal contributing to public taxes or infrastructure. Similarly, venture capitalists […]

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