Even Bell Labs would not be doing the type of research that is necessary. Look at all the innovation in science that happened back then! Bell Labs was an outlier but it was not the primary driver of science by any means.
That's not what I was saying. The foundational research that built the massive economic engine of the current US did not come from industrial research.
Sure - but it's a moot point unless you're proposing plausible ways of achieving that, and that could be adopted by a movement with credible political power.