Personally, I believe that government, rather than money, tends to be the primary factor limiting the development of new technologies.
Sentiment: NEGATIVE
I don't believe that government is good at picking technology, particularly technology that is changing. By the time you get it done and go through democracy, it's so outdated.
Government isn't that good at rapid advancement of technology. It tends to be better at funding basic research. To have things take off, you've got to have commercial companies do it.
Government can encourage innovation, but mainly by doing less, not doing more.
Governments that invest billions in new hardware still find it hard to accept that they might benefit just as much from systematic innovation in such things as child development or cutting crime.
I don't think any of us can do much about the rapid growth of new technology. A new technology helps to fuel the economy, and any discussion of slowing its growth has to take account of economic consequences. However, it is possible for us to learn how to control our own uses of technology.
Government is supposed to be about how we do things together, and we can do that much more together if we use technology smartly right now.
When you put in place regulations that are so burdensome, so tough, so much so that they cripple your economy, we then don't have the resources to invest in technologies that are going to make that difference, because it's just going to shut everything down. That's not going to help us as an economy.
For better or worse, that is true with any new innovation, certainly any new technological innovation. There's many good things that come out of it, but also some bad things. All you can do is try to maximize the good stuff and minimize the bad stuff.
Technology advances at exponential rates, and human institutions and societies do not. They adapt at much slower rates. Those gaps get wider and wider.
It's not just the effect of technology on the environment, on religion, on the economic structure, on society, on politics, etc. It's that everything now exists in technology to the point where technology is the new and comprehensive host of nature of life.
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