Government has a longstanding role in underwriting scientific research and regulating or (with less positive results) deregulating industries, government doesn’t really innovate, at least not in the sense of readying technologies for the marketplace and integrating those technologies into mainstream companies.
No. Magic fails.
The U.S. has always prided itself on being the world’s undisputed leader in technological innovation. Since World War II foreign demand for aircraft, computers, automated tools and other products of American labs and workshops could be relied on to provide a fat surplus in the nation’s balance of trade. No more.