This Fight Is Our Fight, by Elizabeth Warren: on Technology


Elizabeth Warren: Public spending on research is investing in ideas

During the postwar period, research of every kind--medical, scientific, engineering, social science--was honored and supported. Government agencies and universities brought together teams of researchers who worked on hugely ambitious projects.

We had long invested in infrastructure, but now we were even bolder: America was investing in ideas. The results were transformative; basic research that eventually led to the Internet, GPS, and a map of the human genome.

For me, this is the basic American contract. We all pay taxes, and in return we all benefit--sometimes immediately, sometimes down the road--and we also help build opportunity for the generations to come. I first tried to put this into words in 2011 when I was thinking about running for the Senate: "There is nobody in this country who got rich on his own--nobody." My point was that everyone who succeeds gets some help from the investments we've all made. And we keep on making those investments so the next kid will get a chance, too.

Source: This Fight is Our Fight, by Sen. Elizabeth Warren, p.101 Apr 18, 2017

Elizabeth Warren: China spends 8.6% of GDP on infrastructure; we spend 2.5%

China is spending 8.6%of its GDP on infrastructure. Why? Because the Chinese are working hard to build a country for the global economy. And here in the US? Our infrastructure spending is stuck at 2.5% of the GDP--and it has been for years. By that measurement, America now lags behind India, most of Asia, the Middle East, and Eastern Europe. In fact, the only region of the world spending less on infrastructure than the US is South America, which comes in at about 2.4%.

America ramped up its infrastructure long before many other parts of the world, but our refusal to maintain & upgrade it is catching up with us. The overall quality of infrastructure in the US is now rated just slightly ahead of Taiwan's and far behind the quality of that in Germany & Japan.

This failure to invest in our future is incredibly shortsighted. This plan isn't pro-business. This plan is pro-stupid. More investment in basic infrastructure would transform our daily living, along with our long-term prospects.

Source: This Fight is Our Fight, by Sen. Elizabeth Warren, p.130-1 Apr 18, 2017

  • The above quotations are from This Fight Is Our Fight
    The Battle to Save America's Middle Class

    by Elizabeth Warren
    .
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