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> Great, so we only want the real high risk takers, the top gamblers,to play in the big league

It either takes risk of private capital or future taxpayers' taxes to create big leagues. I'd take the former over the latter.

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And I prefer cold committee who measure risk and are committed to some public values. You choose silicone valley, VCs and no public healthcare. I prefer the Norwegian model.

It works great when the innovation happens elsewhere and is freely shared.

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