Your Book Review: Where's My Flying Car?
https://astralcodexten.substack.com/p/your-book-review-wheres-my-flying

Is the following claim made by the author of the book (Hall - seemingly 
accepted by the author of the review) largely accurate? I ask because it's a 
common liberal talking point that publicly funded R&D has resulted in the 
majority of the tech we rely on in *modern* life. I'm terrible at history.

> Hall blames public funding for science. Not just for nanotech, but for 
> actually hurting progress in general. (I’ve never heard anyone before say 
> government-funded science was bad for science!) “[The] great innovations that 
> made the major quality-of-life improvements came largely before 1960: 
> refrigerators, freezers, vacuum cleaners, gas and electric stoves, and 
> washing machines; indoor plumbing, detergent, and deodorants; electric 
> lights; cars, trucks, and buses; tractors and combines; fertilizer; air 
> travel, containerized freight, the vacuum tube and the transistor; the 
> telegraph, telephone, phonograph, movies, radio, and television—and they were 
> all developed privately.” “A survey and analysis performed by the OECD in 
> 2005 found, to their surprise, that while private R&D had a positive 0.26 
> correlation with economic growth, government funded R&D had a negative 0.37 
> correlation!” “Centralized funding of an intellectual elite makes it easier 
> for cadres, cliques, and the politically skilled to gain control of a field, 
> and they by their nature are resistant to new, outside, non-Ptolemaic ideas.” 
> This is what happened to nanotech; there was a huge amount of buzz, 
> culminating in $500 million dollars of funding under Clinton in 1990. This 
> huge prize kicked off an academic civil war, and the fledgling field of 
> nanotech lost hard to the more established field of material science. 
> Material science rebranded as “nanotech”, trashed the reputation of actual 
> nanotech (to make sure they won the competition for the grant money), and 
> took all the funding for themselves. Nanotech never recovered.



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