Today, the Washington Post published a letter from Google CEO Eric Schmidt laying out his five-step plan for turning around the economy around.
Here are the key points:
- “Congress should ensure that every bill it passes promotes competition over protecting the interests of incumbents.”
“If we want to be a leader in new industries such as green energy, we have to accept that some of our investments won’t pan out.”
- “We need to extend the R&D tax credit so businesses can confidently invest in their future.”
- “Government-funded research should be made public through “a Wikipedia of ideas,” so entrepreneurs can harness ideas commercially.”
- “The best and brightest from around the world come to study at U.S. universities. After graduation, they are forced to leave because they can’t get visas. It’s ridiculous.”