In short, the system socializes risk and privatizes gain.
An innovation policy in the service of social goals was once a major goal of American progressives.
Among the more appalling recommendations in the draft Green Paper are those that relate to three public interest safeguards in the Bayh-Dole Act, including: The Draft Green Paper also includes analysis that is in some cases factually incorrect, incomplete or out of context, or and often lacks balance, in order to justify the argument that the U. government should not use its rights in federally funded inventions to ensure that biomedical products and services are reasonably priced.
Many entities engaged in federally funded R&D have closely monitored the efforts of the National Institute of Standards and Technology (“NIST”) over the last year as it has studied strategies for maximizing U. Benefiting from information received from an initial Request for Information, public meetings, a summit, consultations with interagency working groups, stakeholder engagement sessions, and comments received on a draft version of the Green Paper, NIST’s findings are designed to inform future policy decisions throughout the Federal Government. After discussing the Green Paper at a high level, we highlight below a few of NIST’s findings which may be of particular interest to many government contractors.
The Internet is one obvious example: though later developments came from the private sector, its origins lie in the Department of Defense’s ARPANET project in the late 1960s.
Nearly all of the components of the i Phone, as economist Mariana Mazzucato has demonstrated, can be traced back to technology programs funded by the US government.
The publication was available from: https://doi.org/10.6028/NIST. SP.1234, but is currently offline, due to the federal government shutdown.
KEI has asked NIST to extend the deadline for comments for those who do not have a copy of the document.
During and immediately after WWII, lawmakers from the progressive wing of the Democratic Party proposed to extend public R&D programs in keeping with New Deal policy aims.
They understood technology programs as a new form of social policy, and proposed that the government should direct innovation to serve broad social goals and regional development.