That's a polite way of saying it. There is a lot of good stuff in the opinion piece, but the bit quoted below is actually new to me. Not surprising, but the numbers are new. When you think of it, though, why should industry keep R&D folks around when they have convinced the politicians to force universities and government labs to do the R&D for them?
I stand by my earlier thoughts - let universities go back to curiosity driven research, have gov't labs focus on public interest research and long term and/or expensive research that neither industry nor universities are well suited for. Force industry to innovate and accept that some companies will die off and let the strong and innovative companies - the ones that understand that value comes from a long view than the next quarterly report - take over the landscape.
That my friends is truly the free market way of doing things. And the way I would expect that a truly conservative government would embrace.
Pity we live in an oligarchy.