In Depth

The Wall Street Journal's Technology Bubble

The Wall Street Journal editorial page chooses to believe that government funding for research and development in technology has been largely irrelevant to the extraordinary successes of the American technology sector. This distortion of history constitutes another example of the bubble that so many conservative thinkers in the US walk around in. An example of this distortion of history can be seen in the op-ed "Who Really Invented the Internet" that former WSJ editorial board member Gordon Crovitz published July 22, 2012. That essay is so full of errors of fact and misconceptions about the history of computing that it deserves an in-depth analysis. The point of this analysis is not to excoriate one particular author, but to shed light on conservative America's systematic, ideologically-driven underestimation of the value of government. The source of information for my analysis of Crovitz' article is "Funding a Revolution: Government support for Computing Research", a book created by the National Research Council and published by the National Academies Press. It is written by representatives of both industry and government, many of whom participated in the developments described. Page citations below are to that book.

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