I agree. But this would not be possible without government investment at a loss to develop the very things the private sector incrementally innovates upon.
> Of course government innovations played a role in this process, but if necessity is the mother of all invention, then it seems obvious that had government not funded the creation of technology A, B, or C, and if there was truly a need for it
Now here is where we diverge. Companies will not seek these type of innovations because those that do die before they can reap any profit.
> Furthermore, had the dollars that have been spent on government innovations been instead allowed to remain in circulation in the economy, how many more innovations would private industry had come up with? Put more succinctly, what is the opportunity cost of government innovation?
Conversely, what is the opportunity cost of dipshit innovation? The answer is clear: lack of break through innovation. Hence why I advocate a split (40 long term government - 60 short term free market) in my above hypothesis. It's the best of both worlds; you don't short sell the future, whilst neither ignoring the present.