But few innovations can make such a claim. It is clear that digital technology has had and will have important effects on society and on television. Further changes are inevitable. But despite the hype, it is by no means clear that the Internet, as distinct from digital technology, will revolutionize television, much less the American household. The market they created resulted in a child care system that supports welfare reform, mothers employment, and sound child development.
Donors take note it s a formula worth emulating.
There is a larger lesson that is also worth highlighting. Past approaches to helping the poor have focused on top-down decision making, with government or large private foundations deciding what the poor need. On July 1, Kevin Hassett testified before the House Technology Subcommittee about a bill that would make the Research and Development Tax Credit permanent. This state of affairs exposes firms to a great deal of uncertainty, uncertainty which likely leads them to respond less than they might otherwise to the credit. They may be fearful, for example, that a costly research investment would become too much of a burden if the credit is not renewed.