The system is broken and needs to be scrapped. The system I have in mind is the one for federal funding of research and development. Make no mistake, it was a great system in its time. Formed in the cauldron of World War II, public funding of research and development delivered an impressive bounty well into the 1970s. Many contemporary technologies, notably electronics and computing, were essentially created by military patronage. And modern medicine is a creature of federal largesse.

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