Mary Meeker's plan to turn the country around
"Queen of the Net" Mary Meeker, now an analyst at Kleiner Perkins Caufield and Byers, issued a report that argues that the United States should invest in technology, research and development on its path to economic recovery.
The report, "U.S.A, Inc.," is a comprehensive look at the federal government's finances, and Meeker applies her business sense to suggest the best turnaround plan for the country. One of Meeker's main focuses is on U.S. investment in technology, infrastructure and education. Technology, Meeker says, improves communication and lowers the costs of providing goods and services. It also drives wealth and job growth, the report says.
According to Meeker, the government has been cutting back its investment in technology research and development for decades, and private companies have picked up the difference.
The former star analyst at Morgan Stanley was dubbed "Queen of the Net" by Barron's in 1998, based on her optimistic forecasts on the growth of the Internet and Web firms such as eBay, Amazon and AOL. After the 2000 dot.com bust, however, the Securities and Exchange Commission accused Morgan Stanley of skewing its research and not properly supervising its analysts, including Meeker. She has since recovered her reputation as a keen predictor of Internet trends.
The full report is below. Meeker outlines her argument for tech investment around page 200:
| February 25, 2011; 12:13 PM ET
Categories: Tech for Development
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