On the recordJune 8, 2021
last week, China announced that it would now allow families to have three children--a profound shift from their previous one- and two-child policies. Why the change? China looked to the future and realized that its population policies would hamper economic growth. Now, the U.S. Government will never tell families how many children to have. That choice is profoundly personal. Yet we must ask ourselves the same questions China is asking: What kind of changes will lead or deter the United States from a future of economic growth and prosperity? How can we enhance America's competitiveness? And more than just compete, how can we make sure America comes in first? The answer is obvious: Invest in American creativity. China is investing heavily in electric vehicles, critical minerals, energy production, computer chips--the list goes on. In all of these areas, China is beginning to pull ahead of the pack. They are aiming for first. And what underscores all of their efforts? Research. Every breakthrough, every new technology, every scientific step forward opens new markets and drives their economy into the future at high speed. Unfortunately, it is a different story in America. For decades, in both the public and private sectors, we have downsized our discovery and innovation investments. Since the days of the space race, we have stepped away from the great challenge of discovery.…





