'A prestigious research institution recently made a startling pronouncement: Of the 44 crucial ingredients that are key to the world’s most important technologies, China leads research in 37 of them.' -Michael Allen
For those wondering how the United States can regain the lead in mineral production and decrease our dependence on China’s supply chain,
With OWS as a guide, McCormick looks for additional ways policymakers can catalyze innovation and enable natural entrepreneurship. Called a “Battle Plan to Renew America,” this is America’s answer to China’s plan to become the world’s leading science and technology superpower. Drawing upon his business career, McCormick seeks to unlock the “unlimited potential of American capital markets” to fund national innovation. McCormick endorses an American Innovation Fund, a public-private vehicle to provide low-cost capital and liquidity to firms in strategic sectors. Wary of crony capitalism, McCormick suggests several safeguards, including supporting high-reward, low-risk efforts of strategic importance and technologies with unique upsides.
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