9% GROWTH PARTY is committed to long term growth at a rate reaching 9% per annum. Experience with the world's most successful economies shows that this can be achieved by ideas close to those of the founders of Liberalism. We also believe that virtually all economic progress follows from scientific & technological progress, that high technology is inately more efficient & thus less polluting & that scientific progress embodies the best of the human spirit.
Tuesday, September 12, 2006
X-PRIZE FOUNDATION
An X-Prize is a prize awarded for some scientific or technical achievement. The recent $10 million dollar prize for the first private enterprise spaceship was done on this basis & another exists for the first orbital flight. We should set up an X-Prize Foundation for Scotland funded primarily from Scotland's share of the National Lottery money plus any private donations all matched £ for £ with government money. Such prizes have a very good record throughout history of stimulating inovation. They also have the considerable advantage over most government activity of not costing anything if they don't achieve results. Hopefully this could be expanded to cover all of Britain in time
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