Many technologies require decades of brainpower and experimentation to be developed (e.g., the internet), and often, the initial versions of these technologies are insanely expensive and not marketable. A common view is that the state is critical for the creation of innovative technologies, while the free market is amazing at commercializing these technologies. How valid is this view? How do you address the argument that state intervention is necessary to correct certain "market failures"? In this episode, Yaron Brook sits down with Brandon Van Dyck Assistant Professor of Government and Law at Lafayette University to discuss the role of government and innovative technology.
For more about Professor Van Dyck see https://govlaw.lafayette.edu/people/brandon-vav-dyck/ and follow the Mill Series -- https://www.youtube.com/channel/UCvcpRsrB4fp1LqVVrJiQ6gQ.
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Yaron Brook, Radical for Capitalism, discusses news, culture and politics from the principled perspective of Ayn Rand's philosophy, Objectivism. Yaron is the executive chairman of the Ayn Rand Institute and a world class speaker.