5 Reasons Why Government Should Spend More on Innovation

MIT Sloan Management Review has 5 Reasons Why Government Should Spend More on Innovation: “

1. US is not in the top five countries in research spending
2. US was ranked 40/40 in the ITIF ranking on improvement in innovation capacity
3. Innovation generally requires technology development (not just business models)
4. Government fuels innovation at universities and education
5. All other governments seem to be pushing innovation.  Only in US it is controversial.

Interesting commentary.  Not quite sure what to do about it.  Just increasing funding may not be a comprehensive solution.  When I was in grad school, most students there were immigrants. As cultures get wealthy, do the loose the fire and desire to work hard?…