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Stagnation was a choice. We have weighed down our builders and innovators. The well-intentioned regulatory regime of the 1970s became an ever-tightening ratchet, first hampering America’s ability to become a net-energy exporter and then making it harder and harder to build. We seem to have lost focus and vision, to have lowered our sights and let systems and structures and bureaucracies muddle us along.
But we are capable of so much more.
Our technologies permit us to manipulate time and space. They leave distance annihilated, cause things to grow, and improve productivity.
As Vice President Vance said in a recent speech, the tradition of American innovation has been one of increasing the capacities of America’s workers, of extending human ability so that more people can do more, and, more meaningful work. But unrestricted immigration, and reliance on cheap labor both domestically and offshore, has been a substitute for improving productivity with technology.
We can build in new ways that let us do more with less, or we can borrow from the future. We have chosen to borrow from the future again and again. Our choice as a civilization is technology or debt. And we have chosen debt.
Today we choose a better way.
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Our first assignment is to secure America’s preeminence in critical and emerging technologies. This administration will ensure that our nation remains the leader in the industries of the future with a strategy of both promotion and protection—protecting our greatest assets and promoting our greatest innovators.
To the degree it even tried to accomplish this, the Biden administration failed on its own terms, led by a spirit of fear rather than promise. The old regime sought to protect its managerial power from the disruptions of technology, while promoting social division and redistribution in the name of equity. They secured American technology poorly, and failed to strengthen our leadership at all.
Promoting America’s technological leadership requires three things of government. First, we have to make the smart choices of creatively allocating our public research and development dollars. Second, we have to make the right choices in constructing a common-sense, pro-innovation regulatory regime. And third, we have to make the easy choice to adopt the incredible products and tools made by American builders and to enable their export abroad.
In a moment of strategic significance, we must be more creative in our use of public research and development money, and shape a funding environment that makes clear what our national priorities are. Whether in AI, quantum, biotech, or next-generation semiconductors, in partnership with the private sector and academia, it is the duty of government to enable scientists to create new theories and empower engineers to put them into practice. Prizes, advance market commitments, and other novel funding mechanisms, like fast and flexible grants, can multiply the impact of government-funded research.
At a time defined by the desire to build in America again, we have to throw off the burden of bad regulations that weigh down our innovators, and use federal resources to test, to deploy, and to mature emerging technologies. We know, for example, the greatest obstacle to limitless energy in this country has been a regulatory regime opposed to innovation and development. This, too, has been the chief barrier to pushing the envelope again in transportation, whether supersonic aircraft or high-speed rail and flying cars. The time has come to review the rules on the books and to ask whom they really protect and what they really cost.
For a future stamped with the American character, the federal government must become an early adopter and avid promoter of American technology. Our innovators make incredible breakthroughs, but consumers, government included, require products that meet their needs, not just the wide-open country of frontier technology. Our industrial might, unleashed at home, and our technical achievements from AI to aerospace, successfully commercialized, can also be powerful instruments of diplomacy abroad and key components of our international alliances. American progress in critical technologies will make us the global partner of choice and the standards setter to follow if we enable and encourage American companies to distribute the American tech stack around the world.
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