China’s aggressive push to dominate 5G wireless technology has given rise to calls for the U.S. government to take over the development of a national 5G network. In fact, there is no reason to panic.
American companies are rising to the 5G challenge. Socialism and crony capitalism will only undermine U.S. progress in the race to 5G.
The success of tech companies like Apple and Microsoft is emblematic of what American innovation and its competitive spirit can accomplish. The companies that have changed the world and kept America at the cutting edge have rarely if ever been the spawn of government. When politicians in Washington team up with special interests, it generally distorts competition and impedes groundbreaking innovation.
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