Policy makers should consider instituting innovation and education rebates for stimulating the stalled economy. Innovation, fundamentally, is the only attribute that increases productivity and thus has broad impact on the economy. The tactical focus has been on jobs. Although this is important, what is equally important is that we create the right type of jobs for the future. Pouring money into incompetent and inefficient companies "to save jobs," is the wrong policy. Policy makers should direct such resources to those who innovate - creating sustainable jobs for the future. Related to this is education and skills upgrade for everybody so as to equip the workforce to move away from status quo and into the future. The implementation of this can be simple - those who innovate and create new products and services establishing new and sustainable jobs get an innovation rebate. Those who educate themselves and put in the effort to upgrade skills, get an education rebate. These twin rebates will put the incentives in the right place. Everything else - saving failing companies, helping bad decision-makers, pet projects, blind infrastructure spending - etc. take us away from the objective of moving the economy to a more efficient and productive state, enhancing quality of life.
Saturday, March 7, 2009
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1 comments:
Hello;
The Ingenesist project has specified the structure of an innovation economy. In short, there are three relatively simple web based applications that can be developed and deployed to social media which would allow knowledge to become tangible outside the construct of a corporation and inside social media. I believe this may be what many mean by the term "wisdom based economy" since innovation conducted outside the construct of wall street would by definition reflect the priorities of society rather than those of the short term investors.
Your article is very astute in recognizing the need to put economic incentive toward increasing productivity. Innovation economics is exactly this incentive.
Please review http://www.ingenesist.com. The specification is discussed on the page titled IEc101. We also have a patent pending for the process also posted at this site. We are an open sourced collective so everything we do is committed to the public domain.
Please take some time to review - it is not a simple analysis but once you see where we are coming from and how we construct the logic, I believe you will become enthusiastic about the work.
thank you
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