Your point: That only Government can come up with new technology.
Patently false.
a great many things we use daily were invented at a government mandated basic science research institute, namely bell labs. said labs now focus on "immediately marketable technologies", rather the basic science and material physics research they once did.
- the transistor
- the photovoltic cell
- the microwave radio relay
- the concept of the laser and several specific types of laser.
- the MOSFET transistor
- the CCD sensor
- the C programming language and UNIX
- fibre optics