Industry: Aiming at the Market Instead of the Moon

The magic word in U.S. industry is research, which has created everything from transistor radios to measles vaccine since World War II. This year the U.S. will invest a record $17 billion in research and development, or an average of $300 for every family. Businessmen, economists and scientists are increasingly worried that too great and growing a part of this enormous effort is now commanded by the Government. Last week top scientists testified before the Senate Space Committee that Government spending for space and military survival is diverting too much money and manpower away from the development of the...

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