The Progressive Policy Institute’s Innovation Frontier Project released a comprehensive research deck on the threats facing American innovation. The authors of the deck, innovation experts Ashish Arora and Sharon Belenzon of Duke University, found the United States has lost a substantial amount of corporate research since the 1980s, with only a handful of present-day U.S.-based companies investing in research at a meaningful level.
The deck also lays out clear political implications for lawmakers. The Biden Administration’s top strategic economic priorities are based on a foundation of strong U.S. competitiveness and innovation, yet Congress’s percolating anti-tech antitrust legislation would undermine these priorities by impairing the ability of America’s few leading R&D performers to develop new products and enter new markets. The restrictions on these companies will reduce our national investment in R&D and hurt American economic prosperity and national security.
Jack Karsten, Managing Director of the Innovation Frontier Project, and Michael Mandel, Vice President and Chief Economic Strategist at PPI break down the deck’s research and discuss how antitrust legislation in Congress would devastate American technological leadership and innovation.
Check out the research deck here.
Learn more about the Progressive Policy Institute here.