Nice to see the Nobel prizes on youtube.
A German, Peter Grünberg, and a Frenchman, Albert Fert, won this year’s Nobel prize for physics; for work done on giant magnetoresitance. As I mentioned yesterday, without this work it is unlikely that the ipod and other storage devices would exist. These guys changed the face of storage.
The German government, academica and industrial legacies should be proud of the Max Planck Institute and other research initiatives and foundations that make this research possible, but Germany needs to rediscover the powerful link between research and the entrepreneur. This is where the Americans continue to show the world how it is done.
Part of it is continued and expanded funding for pure research, but equally important is helping encourage investment and entrepreneurship. This involves fostering a culture of risk taking. Germany needs to look to its history of innovation and rekindle it. With a third of the EU budget subsidising farmers it is time for a radical rethink.