The Case for Reinvesting in Public R&D

Feature by Ethan Gray
To quote economist Marina Mazucatto, “In 2012, China announced its plan to produce 1,000 GWs of wind power by 2050. That would be approximately equal to replacing the entire existing US electric infrastructure with wind turbines. Are the United States and Europe still able to dream so big?” At the moment, anyone would be hard-pressed to argue they are.