What has greater influence on the US economy, major industry or federal government?
They're one and the same. Industry owns the government.
Govt, by a lot.
I agree and that is backwards.
Maybe. Govt employs a lot of people.
Yes, government employs too many people. That's the problem.
I don't think so, but I understand that many do.
It may have worded my question poorly. My intent was to ask if industry innovation has more (or less) influence than gov't regulation. Is your point that the salaries of gov't employees drive the economy more than industry salaries?
Or is it that gov't investment has a greater influence than industry investment?
I was thinking both: the investment g from the cig+x equation and also the spending from govt employees is larger than industry investment and employees. I wasn't thinking of regulation vs innovation, although, I would think govt entities...
Such as NASA, combined with grants, go a long way toward overall innovation anyway.