MIT is warning that U.S. investment in R&D has dropped enormously. I find this idea very disturbing, that in an age of accelerating science and technology, which corporations and governments should have every incentive to take advantage of, they are failing to do so.

Declining U.S. federal government research investment — from just under 10 percent in 1968 to less than 4 percent in 2015 — in critical fields such as cybersecurity, infectious disease, plant biology, and Alzheimer’s are threatening an “innovation deficit,” according to a new MIT report to be released Monday, April 27.

U.S. competitors are increasing their investment in basic research. The European Space Agency successfully landed the first spacecraft on a comet. China developed the world’s fastest supercomputer and has done research in plant biology uncovering new ways to meet global food demand and address malnutrition. Meanwhile, U.S. investment in basic plant-related research and development is far below that of many other scientific disciplines, despite the fact that the agricultural sector is responsible for more than 2 million U.S. jobs and is a major source of export earnings.

The report, entitled “The Future Postponed: Why Declining Investment in Basic Research Threatens a U.S. Innovation Deficit,” highlights opportunities in basic research that could help shape and maintain U.S. economic power and benefit society.