At the very moment this report was being written, China1 was passing the
United States in research and development (r&d) investment (at purchasing
power parity, ppp) (Figure 1).2 Yet this is an era in which a vast majority
of the growth in America’s economy (gross domestic product, gdp) and
all that it supports is attributable to advancements in science and technology.
Indeed, we live in what is not infrequently referred to as the Age of Technology.
But, astonishingly, headlines in the media make no note of this watershed
event, nor has the topic been raised in presidential debates. The nation seems
oblivious to the consequences of what is occurring–and
what will follow.

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