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January 30, 2004

Comments

Well, in terms of health care, we spend almost as much federal money as the Europeans do, and that's about half of total spending. I don't know the economic effect if we got decent national health care which cost more federal dollars, but reduced total health care expenditures by hundred of billions of dollars, but I'd like to!

In terms of innovation, the US does not benefit much from its system. Big business research, government research - very little impact, generally due to incompetence. Yet they claim credit falsely -esp NASA. The US benefits from a "brain drain" which is now REVERSING and a somewhat more innovative culture.

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