The government doesn’t just “fund innovation” — it creates the fertile ground where it can happen at all. It also bankrolls the unprofitable, high-risk research the private sector can’t or won’t touch. Cut that, and you’re ripping out the roots, not just trimming a branch.
Government bankrolls innovation? What are you talking about? This has never been true and isn’t true currently.
At best all government can do is get out of the way so that private actors can solve problems and innovate. At worst it strangles innovators through higher taxes and more stringent regulation.
Look at the light bulb, locomotive engine, airplane, etc. Government involvement in major innovations is almost always peripheral.
