4.1 An Innovation Famine - Deepstash

4.1 An Innovation Famine

4.1 An Innovation Famine

4.1 An Innovation Famine

  • The ability of Western economies to generate innovation has become weaker. Incomes appear to be stagnating and opportunities for social mobility drying up. The cause is not too much innovation, but too little. The West may still do new things in science and arts but is slowing down in innovating products. 
  • China's innovation engine,however, has fired up. Their speed could be explained by work. Willingness to put in the hours, to experiment and play. But they have authoritarian restraints, which hinder innovation. Perhaps India or Brazil will pick up the challenge and keep innovation happening. 

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