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Case Study: Silicon Valley’s Public Garages | American Compass

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Market fundamentalism tends begrudgingly to grant a role for government spending in “basic research” but insists that the free market will carry scientific breakthroughs to scale and commercial success. This is not how innovation works, nor how it has worked in the past 100 years in the United States. For sophisticated, capital-intensive production processes, breakthroughs achieved primarily through publicly funded research rely on public coordination for commercial development, public funding for early-stage capital, and public contracts to stimulate demand. Silicon Valley provides the quintessential case in point. Indeed, the region is only called “Silicon Valley” because the U.S. Air Force preferred silicon-based wafers in the early integrated circuits for which they were the primary customer. The online services and “apps” that pass for innovation in the Valley today are the happy byproduct of intensive investment in a far more technologically complex ecosystem developed over 50 ye

The indispensable and effective role of public policy in building the digital age Download Case Study (PDF) RECOMMENDED READING 11/28/2022 Myth-Busting Silicon Valley 12/30/2022 Lessons on Industrial Policy from Silicon Valley and Ronald Reagan 6/15/2020 If Only Private Funds Still Enabled American Power Executive Summary Market fundamentalism tends begrudgingly to grant a role for government spending in “basic research” but insists that the free market will carry scientific breakthroughs to scale and commercial success. This is not how innovation works, nor how it has worked in the past 100 y

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