7: Innovation
Spur breakthrough innovation.
Stakeholder(s):
- Republicans: Summary: Republicans must accept a sustained and generous commitment to public sector-led investments in pure research, energy
innovation, science, and technology to lead the knowledge economy of the 21st century. -- Republicans must accept a sustained
and generous commitment to public sector-led investments in pure research, energy innovation, science, and technology so that
America leads the knowledge economy of the 21st Century. They must accept that science is valued and that scientific research
should be shielded as much as possible from the culture or climate wars. They should acknowledge that not all public investments
work out. Ideas Republicans should embrace include higher funding for the National Science Foundation, NASA, and other select
research agencies; creating "entrepreneur" visas to allow individuals with exceptional talent and breakthrough entrepreneurial
ideas to emigrate to the U.S.; and making the federal government a market for innovative technologies by, for example, expanding
the Defense Department's Operational Energy project that moves the military from traditional to alternative energy -- reducing
the huge cost of fuel in both dollars and mortality in the field of battle.
- Democrats: Summary: Democrats must accept that breakthrough innovations are virtually meaningless without large, vibrant, and innovative
private sector-led capital markets to seek out, finance, and promote new ideas. -- Democrats must accept that breakthrough
innovations only lead to enormous opportunities when healthy capital markets are able to finance new ideas to make them grow.
There is nothing wrong when corporations make "enormous profits." Capital markets are as important to the development of new
ideas as oxygen is to the bloodstream. Ideas include relaxing Sarbanes-Oxley rules for small IPOs; allowing for crowd-sourcing
to let start-ups raise capital from small and medium investors; continuing favorable tax rates for venture capital and other
investments that finance the growth of ideas and business; providing certainty in financial markets regulation; and consolidating
all energy research into a National Institutes on Energy modeled after NIH.
- Capital Markets
Objective(s):
|
