Fixing the Innovation Economy?

February 19, 2021

I read “How to Fix What the Innovation Economy Broke about America.” I noted this sentence:

No initiative, no program, no development aid will, by itself, solve
the deepest problem of all: distrust of American institutions. Reagan
told Americans that government was not the solution, it was the
problem.

I asked myself, “Does MIT lack the institutional memory to recall that it accepted funds from Jeffrey Epstein?” The decision failure makes clear that the problems with the analysis in the article manifests itself in the actions of entities like MIT.

Social and intellectual failure cannot be attributed to a single factor. Its remediation begins with institutions and the individuals who comprise those entities. Innovation is one chemical in the exhaust generated by actions which are corrosive.

Pontification is okay. Bandying about words like “trust” is hand waving.

Stephen E Arnold, February 19, 2021

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