Can Corporate Investment in Technology Provide the Needed Spark for Growth?

[Southern Senator North Carolina Yankee]

http://www.dailyfinance.com/story/investing/us-economy-still-needs-a-spark-plug/19619989/?icid=main%7Chtmlws-sb-n%7Cdl3%7Csec3_lnk2%7C170421


This article seems to think so, what about you guys?

[opebo]

No.  'Private' investment is never the leader for growth.  The State is the source of growth.

[phk]

Yes..... at least in the SR.

[Verily]

Other than greentech, which has largely been co-opted by China due to their earlier adoption and abundance of rare earth metals, there are no major emerging technologies at the moment. You can't just create an innovation industry like the Internet out of thin air, and the US private sector cannot by itself develop the necessary economies of scale to compete with Chinese greentech.

So, no, this isn't going to happen any time in the immediate future. As technological advances are hard predict, however, maybe it will five years down the line. (I doubt it will happen in the US, though; if nothing else, even if the invention occurs here, low tolerance for government spending at the moment will ensure that the economic benefits go to Europe or China or elsewhere in Asia.)