PAUL R. MICHEL AND MATTHEW J. DOWD, The Hill; Patents, spy balloons and outcompeting China: What our leaders are missing
"For all of U.S. history, patents have provided the needed incentives. Without reliable patent protection, few corporate decision-makers or venture capital leaders would make the investments to support the breakthroughs.
And now, more breakthroughs are exactly what America needs to counter China’s accelerating technology surge. Think computer chips, genetic and personalized medicine, clean energy, artificial intelligence and other advanced technologies of the 21st century.
But we’re starting to lag behind China, which is devoting untold resources toward becoming the global leader. A recent Harvard Kennedy School report warned that China is set to overtake the United States, if U.S. policy does not change."
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