Eric Schmidt: “The flexibility to innovate quicker and higher—the inspiration on which navy, financial, and cultural energy now relaxation—will decide the end result of the great-power competitors between the USA and China.”

“For now, the USA stays within the lead. However China is catching up in lots of areas and has already surged forward in others. To emerge victorious from this century-defining contest, enterprise as traditional is not going to do. As a substitute, the U.S. authorities must overcome its stultified bureaucratic impulses, create favorable situations for innovation, and put money into the instruments and expertise wanted to kick-start the virtuous cycle of technological development.”

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