CARL BENEDIKT FREY
Liberal democracies like the United States are not guaranteed continuous technological progress. Innovation depends on openness, impartial rules, and vigorous competition, but the new administration is systematically dismantling these pillars of American economic and technological dominance.
OXFORD – From Sputnik in the 1950s to Japan’s electronics boom in the 1980s, Americans have repeatedly feared losing their technological edge to foreign rivals. Each time, though, the United States responded by doubling down on its strengths – attracting global talent, investing in cutting-edge research, enforcing competition (antitrust) law – and ultimately emerged stronger. Today, however, the gravest threat to America’s tech leadership isn’t another Sputnik or Sony; it’s the internal erosion of core advantages. President Donald Trump’s policies almost seem designed to dismantle the very pillars of US innovation.
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