Abstract
On 18 July 1995, Charles M. Vest, President of the Massachusetts Institute of Technology (MIT), delivered a speech to the National Press Club entitled 'In Search of Mediocrity: Is America Losing Its Will to Excel?' Vest asserted that Americans lack a bold vision of the future.1 As evidence Vest cited a looming federal budget cut in civilian research and development. Arguing that '. . .research universities are the foundation of our entire national research infrastructure ...', Vest reminded his audience of a rationale that '. . . was articulated over fifty years ago in a report to President Truman entitled Science The Endless Frontier, This presented the vision of Vannevar Bush, who had helped direct the nation's wartime scientific effort. Bush's vision set a confident America on a search for
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