America's Fall in R&D: "Nobody Cares"

From "Business Week" via Greg Lee:

There's a major university in the [San Francisco] Bay Area that you would have thought was one of the best-funded universities in the world. And one of our fellows at National is a professor there. And he said they just got a new gift of a network analyzer from Agilent. It's worth about $110,000 and they put it on a metal cart, and professors will hide it away and hoard it. And to use it, you have to sign up for it days in advance, and they roll it around from lab to lab.

And then he was invited over to China to give a speech and was given a tour of Tsinghua University. And he was shocked and amazed that every lab had one of those very same Agilent network analyzers. Some of them had never been used or turned on, but they had them just in case they ever needed one. The funding is incredible, and meanwhile we're sitting here thinking we're doing fine.

LINK to article.