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National Science Board Report Finds US Dominance in Science is Slipping

posted by janrinok on Sunday January 19 2020, @12:41AM   Printer-friendly
from the lern-ur-science-fm-Twitter dept.

DeathMonkey writes:

The U.S. share of global science and technology activity has shrunk in some areas even as absolute activity has continued to grow, as China and other Asian countries have invested in science and engineering education and increased their research spending.

That's one of the main takeaways of the "State of U.S. Science and Engineering" 2020 report, published by the National Science Board Wednesday. The report has historically been published every other year, but starting with this year's edition, the NSB is transitioning its format from a single report published every two years to a series of shorter reports issued more frequently.

"While the U.S. remains a leading player, other countries have seen the benefits of investing in research and education and are following our example," said Julia Phillips, chair of the NSB Science and Engineering Policy Committee. "While China is not the only story, its dramatic annual rate of R&D [research and development] growth is impressive. Other countries have seen the benefits of investing in research, and China is on a path to shortly become the world's largest R&D performer.

National Science Board report finds US dominance in science is slipping
State of U.S. Science and Engineering - 2020 report

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  • (Score: 3, Insightful) by FatPhil on Sunday January 19 2020, @11:15PM (1 child)

    by FatPhil (863) <reversethis-{if.fdsa} {ta} {tnelyos-cp}> on Sunday January 19 2020, @11:15PM (#945536) Homepage
    Bizarrely, it's less of a "profits uber alles" attitude then most cynics/critics think nowadays. For at least a decade, perhaps two, though the data is less clear, it's been a "shareprice uber alles" attitude. For the institutional investors and C-levels who are simply biding their time before cashing out, it's the same final outcome, which is why the transition between the two policies has been so easy, but if you looks at the biggest companies' earnings (which ought to correlate to profit) and shareprice, they decoupled a decade ago. I.e. share price no longer even pretends to reflect the value of the company, it only reflects the value of its shares. (Yes, that's deliberately tautologous.) It's absolutely classic asset-bubble behaviour. And while the fed is pumping money into the system, this will only continue.

    The above doesn't exactly describe unicorns and zombies, but both of those cases are even more pathological.
    --
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  • (Score: 2) by Azuma Hazuki on Monday January 20 2020, @12:17AM

    by Azuma Hazuki (5086) on Monday January 20 2020, @12:17AM (#945568) Journal

    Christ, you're right, and that's *even worse...*

    --
    I am "that girl" your mother warned you about...