This is according to Simon Daniel, an entrepreneur and CEO of Moixa, a fast-growing renewable energy group writing in GrowthBusiness.co.uk ezine.
Last week President Obama awarded $3.4 billion in grants to support smart grid companies in the USA. Meanwhile in the UK after several days of dithering, the prime minister announced his favourite biscuit was a chocolate digestive.
It's a hard-hitting article and one that not only criticises current government policy but also makes some excellent suggestions. He notes, for example, that innovative companies need to preserve equity in order to raise the significant amount of funding required from Series A and B investors to compete internationally.
Well worth a read.