The Stagnation of Innovation

R&D Magazine has an intriguing article linking the decline of entrepreneurship with Japan’s economic woes, something that has consequences for Europe too. One of the biggest differences I often see between entrepreneurial economies like the US and China and more stagnant ones such as in much of Europe and Japan is the attitude to failure, something that is always part …

A Lazy, Moribund, Oligopolistic Industry Bereft of the Incentive for Innovation

Following on from my previous post, and addressing the thesis that imitation – not innovation – is woven into the fabric of the 20th century venture economy, Umair Haque at recently penned a nice article at harvardbusiness.org called “Asleep at the Wheel of Creative Destruction” Here’s the question everyone wants to ask: Q. Why does President Obama have to invest …