Another rich territory of social wealth isn’t a natural resource, but it is ubiquitous and collectively created. It’s the Internet. U.S. government funding was directly responsible for developing the semiconductor industry (and other fundamental pieces of computers) and for inventing the Internet, and after that for Google, Siri, and GPS, among other platforms and technologies. If we behaved like the seed investors and venture capitalists we were and are, we’d now be collecting many billions a year from companies using our publicly funded Internet. But so far, we are not. It’s as if we built
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