Good essay, Steph! I think what you’re writing about is an important topic that more people ought to understand but don’t. You hit the important points regarding state subsidization of high-tech industry, sometimes known as “privatizing profit and socializing risk.” That’s pretty much neoliberalism in a nutshell. Noam Chomsky has spoken about this phenomenon a lot. Here’s a small example:

I also wrote an essay a while ago on a similar topic, about why market-fundamentalism is stupid. Maybe you’ll find it interesting or helpful.