The tech investing gamble – why ‘we’ need government involved

In a pure capitalist world – if it ever really existed – the market would take care of business and the government would keep taxes low and stay out of the way. So, why do governments all over the world get involved with technology parks, tech ventures, funding, training , taxation etc? Perhaps because the risks are so high that the market is weary? Perhaps because there have so many failures that angels, VC’s and other investors have had enough of taking all the risk? Is tech investing any less of a gamble than going to Vegas? Many of the technologies we take for granted today came from governments investing in military programs, research labs, strategic industries and purely political goals, such as putting a man on the moon. The government is actually all of ‘us’ hiding behind bureaucracy and the elected types. But they have to be involved so we in BC don’t fall further behind the technology continuum.