Philip had this awesome book on his shelf dedicated to books solely against religion. I can't think something like this is happening again, but the religion this time is the school of rubbish economic development policies. In the hope to preserve their power and current status in the world, the paranoid economise engineer their own demise. Here are a few reasons why:Their Moon Shot and Ours, NYT.And the UK cutting funds for science and axing the film council.
China is doing moon shots. Yes, that’s plural. When I say “moon shots” I mean big, multibillion-dollar, 25-year-horizon, game-changing investments. China has at least four going now: one is building a network of ultramodern airports; another is building a web of high-speed trains connecting major cities; a third is in bioscience, where the Beijing Genomics Institute this year ordered 128 DNA sequencers — from America — giving China the largest number in the world in one institute to launch its own stem cell/genetic engineering industry; and, finally, Beijing just announced that it was providing $15 billion in seed money for the country’s leading auto and battery companies to create an electric car industry, starting in 20 pilot cities. In essence, China Inc. just named its dream team of 16-state-owned enterprises to move China off oil and into the next industrial growth engine: electric cars.
Not to worry. America today also has its own multibillion-dollar, 25-year-horizon, game-changing moon shot: fixing Afghanistan.
The moral? The good guys get shafted and the bad ones are allowed to do as they please. Because after the expensive mistakes they made, they surely must be billions of dollars the wiser to manage the economy better.
