A New National Innovation Fund

The transcript discusses the imbalance between public risk and private gain, especially in the context of banking bailouts and pharmaceutical development. It highlights how public funds often support initial research, but private companies reap the profits. The example of Google's algorithm, funded by an NSF grant, illustrates this issue. A proposed solution is a National Innovation Fund, which would take a small equity stake in new companies to ensure public investment benefits the public in the long term.

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