By innovation policy what we’re really talking about is federal R&D programs. So despite the American economy’s reputation for being this quintessential free market system, much of the innovation and technological development in the American economy can be linked to direct government intervention.
[A]ll these hidden infrastructural and material costs go into the stuff that we just use very very quickly. We just kind of consume them, we don’t think about them, we just want to go on with our lives. When you start actually sort of picking away, looking at it all, you realize how shocking it is.