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Nearly all of the technology in many of the world's most ubiquitous electronic devices can be traced to a single, taxpayer-funded source: the US Department of Defense.
In an article promoted by the European Commission today, Italian economist Mariana Mazzucato wrote that sparking the world's economies after a long recession will require greater and riskier investment from government. She used Apple's wildly popular handheld devices as a present-day example.
The world's biggest company may have more cash on hand than many actual governments. But the technological breakthroughs behind its iconic iPods, iPhones, and iPads were funded almost exclusively by government agencies — and by one particular segment of one particular country's government.
As the chart below demonstrates, there's little in these devices that doesn't owe its existence to the US Department of Defense in some form or another.
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