Why innovation is so important to America’s global leadership

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From health care to finance, education to navigating space, agriculture to climate research, and from Hollywood to the Pentagon, innovation has been America’s lifeblood. Innovation is new or improved art, products, processes, services, business models, or technologies. In the 1950s, the United States invested heavily in revolutionary technology in order to block Soviet aggression. The internet, GPS, weather forecasting and space utilities all spread information globally and averted nuclear warfare, exposed the lies of authoritarian regimes, possibly ended the Cold War, and ushered in the digital age. Back then, during the industrial age, the U.S. government turned to America’s manufacturers to repair the post-World War II economy and develop the industrial base. Such public-private partnerships have waned since the Cold War ended in the 1990s.Today’s digital age-innovations create platforms that provide asymmetric capabilities for America’s adversaries to undermine our privacy rights, democratic ideals, economic success, global influence and national security. In particular, global competitors such as China invest along all cycles of their industries to dominate global markets and snuff out competing technologies. China also finances its quasi-private sector to disadvantage U.S. companies.ADVERTISEMENTThe U.S. government must mitigate the harm to America’ …

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