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Long term = fusion. How can private industry manage without the research funds only government can afford?
"How can private industry manage without the research funds only government can afford?"
Really?
"A basic tenet of American capitalism is that supply precedes demand, as can be see in the case of all airports being closed down: the long lines of people unable to get to their destinations is the demand that cannot be fulfilled. This is why entrepreneurs must be given a free hand to produce, to speculate, as the building of more and more airports will lower prices, increasing demand. This is especially true in the case of new technologies.
Both high taxation and over regulation place a damper on this freedom.
The proceeds from these speculations? the capital paid for stocks and bonds may seem misspent. In the long run, the results are called infrastructure, and they are what economies are built on.
Many European postal systems, telegraph lines and railroads were built with government money, and sometimes with insufficient capacity. But in the United States, instead of burdening taxpayers, we sell investors the equivalent of high-priced lottery tickets each time one of these technologies arrives.
On the Contrary - In Technology, Supply Precedes Demand - NYTimes.com
Don't see how your cites prove your premise. Show me a privately built and operated Tokomak or other fusion apparatus and we can talk. We've seen a lot about "cold fusion" lately, but even that technology isn't being jumped on.
1. If there are indicia of success, venture capital will follow.
2. Do you see a basis for government attempting to pick winners in a free economy in Article I, section 8 of the Constitution?