The United States is losing its edge. It is surrendering the research and development advantage that has fueled its economy for six decades. China now performs more R&D than the United States, and South Korea and Germany have greater annual growth in R&D expenditures. For all of Silicon Valley’s wealth and ability to innovate, it can’t maintain its technological edge unless the United States renews its once-strong commitment to funding basic scientific research. Sen. Dick Durbin has the solution, but it faces rough sailing in Congress… Unlike private companies’ R&D results, the outcomes of publicly sponsored basic research are broadly available to entrepreneurs and growing companies. The advantage is exponentially greater… China increased its research spending by 20 percent between 2001 and 2011. The United States is lagging in a race it can’t afford to lose.

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by The Editorial Board, The San Jose Mercury News.

Posted: March 18th, 2015, by: admin. Categories: . Awaiting Comments.