27 August 2008

response to innovation's roots

...Innovation just occurs from exposure to other ideas. The reason it doesn't always become marketable varies by the receptability of the market to it, the skill of marketing the new idea, and the obvious utility of the idea. The reason ideas like electric cars, or initially TV for example often have trouble is that they're either not marketed well or opposed by powerful groups who are well-entrenched in the social infrastructure. There are however plenty of American people who will consume new ideas if someone is willing to bring them to an open market. The reason these ideas "failed" is that we don't have an open market with low barriers to entry in some key sectors of our economy (such as transportation or infrastructure for fuel distribution). Not because having a capitalist society is a bad idea in and of itself. In fact some of those barriers are imposed by government regulation, or by regulation sponsored by non-innovative (ie non-enlightened) corporations. In other words, that wasn't capitalism that you're complaining about.

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