The power of ideology is so great it easily creates a distorted perception of facts. Where money is spent is crucial, not the size of the public sector. The Internet, the touch screen, semi-conductors and the GPS were developed with state risk capital. Tax havens cause revenue shortfalls.
Public Risks, Private Profits and Prosperity (tags)
All personal and corporate achievements are based on state investments in roads, schools, hospitals, community centers, airwaves, food safety, and water quality. The Apples and Googles of this world are businesses that developed the results of state-financed basic research...
The Crisis of Economists (tags)
The mainstream economy doesn't know what an argument is any more. Claims or assertions are made. This neoclassicism is not a science but resembles a religion that proclaims dogmas. The economy is a social science that offers interpretations.
With slogans like "Less State, More Private," the state was run down for years. Neoliberal ideology managed to present it as a bureaucratic monster. Banks were bailed out. In the emergency, the most wicked neoliberal becomes the state fan. The history of innovations shows the state takes risks
Public Funds Brought Smart Phones (tags)
All personal achievement would have been impossible without state investment in roads, schools, hospitals, airwaves, health and food safety. The state share is completely faded out in the conventional story about business history.