The feedstock of innovation, competitiveness, and new enterprise is R&D.
The PIGS have opted to “invest” heavily in the growth of government and entitlements, diverting funds away from areas that promise to grow the economy, add jobs, and expand the tax base.
You can’t reap that which is not sown. And this is true for both public and private money; as the taxes and regulation on the private sector increase, the incentive to invest is undermined.
