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Welfare Queens
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Welfare Queens

Scott Galloway
No Mercy / No Malice, 2022
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Editorial Rating

8

Qualities

  • Eye Opening
  • Bold
  • Engaging

Recommendation

The US government is the largest venture capital firm – with enormous resources of money, time and patience – and one of the world’s most successful. Public grants and subsidies to start-ups like Tesla, Amazon, Apple and Microsoft jumpstarted what became behemoth successes. Yet, as professor Scott Galloway notes in this bracing commentary, many of the beneficiaries tend to disparage government investment in research and innovation. Galloway makes a bold case for the deep pockets and patient capital that has helped foster private sector development in the United States for decades, and he proposes that more of those rewards go to US taxpayers.

Take-Aways

  • The US government is the oldest and largest venture capitalist in the world.
  • Scientific research is capital- and time-intensive.
  • The relationship between Big Tech and the American government is a fractious one.

About the Author

Scott Galloway is a professor of marketing at the New York University Stern School of Business.

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