Page 15 - Obio Technology News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Chinese political system given their own generational shifts and their own -- the constraints of their own system that's going to -- will affect their projection of power and their accumulation of it? >> well, i think they have absolutely no interest in acquiring political power at this time and so i think one of the misinformation out there is somehow china is in near colonial or imperialistic sense, this is about economics. they have 1.3 billion population as we know, 300 million live like us, western standards but a billion people living in very dire economic circumstances and the reality i...

And imagination of our people. a lot of this obviously, is done in the private secretariey esei sector. it is hesitant to invest in the unknown, especially when it comes to basic research. historically, that's been a federal responsibility. that's how we ended up with things like the computer chip and the gps. that's how we ended up with the internet and also how a lot of your states are already attracting jobs and industries of the future. i wept nt to wisconsin a few we ago and visited a small company called orion manufacturing energy efficient lights in a once darkened plant. in ohio and pe...

Always driven the discovery of new products and new ideas. you do it better than anybody. but what you also know is that it's not always profitable in the short term, at least, for you to invest in basic research. it's very expensive, and the payoffs are not always clear and they're not always localized, and that is why government has traditionally helped to invest in this kind of science, planted the seeds that grew from the computer chips to the internet. and that's why we're making investments today in the next generation of big ideas. in bio technology, information technology, and in clean...