Automobiles and The New Sputnik Moment – Will America Leverage its Intellectual Capital?

One of the lead stories in this morning’s New York Times announces that:

Chinese leaders have adopted a plan aimed at turning the country into one of the leading producers of hybrid and all-electric vehicles within three years, and making it the world leader in electric cars and buses after that.

This comes at a moment when American auto makers are practically on the floor, still breathing due only to government subsidies. Yet I hope that Americans hear this announcement and think, “why not  us?” Read more