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The world is impressed with America these days. On recent trips to Europe and Asia, I kept hearing praise of the country's innovation and entrepreneurship. In 1978, startups – companies that are less than a year old – made up almost 15 percent of all American companies.Make it easier for people to raise money over the Internet for their ideas. And maintain near-universal health care so that people can take the risk of leaving an established company without worries about their and their family's health.Innovation is partly about entrepreneurship but also about technology. Yet, the valley's origins are deeply tied to government support.Federal funding for basic research and technology should be utterly uncontroversial.The rest of the world is catching up in both entrepreneurship and research.So while foreigners praise America's innovation today, Americans should set about making sure that there is innovation tomorrow as well.
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