Here are some articles you should be reading! 5
These articles tackle the question "Why couldn’t America innovate in response to the pandemic?"
Photo by Chokniti Khongchum from Pexels
Lo-and-behold I have been consistent enough that we have reached the 5th post of this series.
In this edition, I was exploring the question “Why couldn’t America innovate in response to the pandemic”. The articles curated best highlight different approaches to answering this question.
Why venture capital doesn’t build the things we really need: My previous article laid forward my frustrations with the slow pace of innovation through SV as well as its inability to build things we really need. This article made that more apparent to me. Read Here
Innovation Can’t Be Forced, but It Can Be Quashed: On the hand, another argument that is being made is that innovation is being squashed by regulation. This is the stance many enterprising figures seem to take. Read Here
Capitalism After the Pandemic: Meanwhile Mariana Mazzucato undercuts both articles by arguing that it is not merely individual components of the system that undercut innovation, but rather, fundamental principles of said system. The missing variable in the previous articles is the fact that the government was directly responsible for the great innovations of our time. And yet, we have socialized the risks and privatized the gains. In her words, “ Taxpayers paid for the failure of Solyndra, but they were never rewarded for the success of Tesla”.Read Here
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