In other words, 97.5% of the world economy is driven by private-sector research and development.94chem said:
I asked you not to do that. I was giving you a chance to not expose further ignorance about how basic R&D works. I was being gracious.
A friend of mine shared with me this morning just one example, and a dated one at that. MIT conducted research in 2014 that determined that government-funded research had contributed to the formation of 30,000 companies, employing 4.6 million people, generating $1.9 trillion in annual revenues, over 2.5% of the world economy.
Musk actually knows this stuff. He's been one of the biggest beneficiaries. He probably wouldn't want to admit it right now. I mean, the Tesla isn't that innovative. I suppose Dean Cayman did a lot of the battery R&D ("Segway"), and the science was done by Goodenough and others (Nobel prize, of course developed with public funding).
If Tesla was not unique in its technology and production process, then why are they by far the most widespread and successful EV company?
Did the government fund his research into how to create a successful car company and market it to the target audience? Did they fund the developments in LIDAR and cameras and processing to create the autonomous driving features? Did they fund the research on reducing inefficiencies and costs to make the company profitable?
We get it, you rely on that 2.5% or otherwise think it is more important than the other 97.5%. Now I will be gracious and simply ask you not to refer to my ignorance. I happen to think I have a pretty good understanding of how R&D works.