The other day I wrote about the lack of research spending by private businesses in favour of dividend payouts and share buybacks. If US businesses don’t invest in research, they risk losing the competitive advantage in the high-tech fields they currently dominate, such as IT and communication services. But, as one reader pointed out to me, a lot of R&D that used to be done in-house in the past (such as software development) is now bought off the shelf from specialist providers. Also, one could argue that private businesses don’t have to invest in research as long as they can tap into the fundamental and applied research done at universities and hire the best talents from elite institutions to work for them.
Let it gush or: Let it bleed, part II
Let it gush or: Let it bleed, part II
Let it gush or: Let it bleed, part II
The other day I wrote about the lack of research spending by private businesses in favour of dividend payouts and share buybacks. If US businesses don’t invest in research, they risk losing the competitive advantage in the high-tech fields they currently dominate, such as IT and communication services. But, as one reader pointed out to me, a lot of R&D that used to be done in-house in the past (such as software development) is now bought off the shelf from specialist providers. Also, one could argue that private businesses don’t have to invest in research as long as they can tap into the fundamental and applied research done at universities and hire the best talents from elite institutions to work for them.