I agree with you when you say that if we can strike the right balance between the public and private sector "a lot of new technologies will be created for use in electronics, medicine and other sciences by new private companies.”
It’s all about balance and reason and a country that shows both will truly be an enlightened society.
Nicole--this is a great analysis and thanks for bringing it to readers' attention. In a similar vein, commercial technologies such as RF, microwave, radar, GPS, wireless communications, night vision, and hundreds of others were originally funded and researched by the military. These technologies created jobs once the technology was applied to the commercial market.
In many European countries government regulation may have gone too far to protect the few at the expense of the many. As a result Europe has lost out to other countries with fewer government restrictions. It all depends upon what is important to a country. An extreme example is whether one death due to a factory explosion is worth the very real chance of losing the factory itself due to government regulations making the factory uncompetitive. I am not making a judgement as I am sure nobody would like to be the one life lost. However, I do worry greatly for the future of our children in Europe and wonder what kind of employment opportunities there are likely to be in future.
Nicole didn't state in her article that the government was going to regulate and tax the internet; she stated that most people deride the government for its current taxes and regulations. That many people feel that this is counterproductive to growth. Many people view the government as "stay out of my business, until I'm hurting. Then you can come help me."
Thanks to tax revenue, the government can help companies, and they can help build better infrastructures that can benefit everybody.
I totally agree with you that its wrong to say that governments don't create jobs. Infact as you metioned Internet is brainchild of governments project (Advanced Research Projects Agency). But if the goernment tries to control the internet using regulations and taxes, Internet freedom will be lost.
As neighbors helped each other and expended to larger communities with population growth become a need to establish a body of people representing needs of neighbors. Government is not a remote entity it is us. Across ages there were countless examples how established procedure helped all neighbors. From times of wars, where economy was boosted by government (read: by us) spending directed at production for military to after the wars on efforts to rebuild our neighborhoods. Then through scientific discoveries from medicine to astronomy all that spending, by so-called government, goes to private enterprise. Without a good neighbor practice it would be not possible to discover unknown ventures. Internet is one of many examples of new tools and ventures government initiated. For established practice government is a hindrance. Keep the balance right and a lot of new technologies will be created for use in electronics, medicine and other sciences by new private companies.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.