Earlier quoted context omitted.
It's too bad that as soon as AT&T gets to commercialize the lab it ran it to the ground. Previously, the lab was protected by an agreement between the US and AT&T where AT&T has a lawful monopoly but there were only so much it can earn and X% will always go to fundamental research, and that's why the lab was so successful. That all changed when the federal government decided to break AT&T up in 1983. The for profit b…
The profit motive spurs innovation.
Anecdotally, I'm not a fraction creative or innovative when I'm desperate. My risk tolerance increases but that's a disingenuous measure of innovation.