There is a worth-reading piece on Slate that looks at the issue of income inequality in America through an interesting prism, suggesting that "innovative product ideas languish in semi-obscurity or simply can’t get financing because in general we don’t have the kind of broadly rising incomes that would support new products."
In other words, inequality stifles innovation.
After that comes the inevitable next question: what is the future of an economy in which innovation has been stifled.
Good question.
You can read the entire piece here.
In other words, inequality stifles innovation.
After that comes the inevitable next question: what is the future of an economy in which innovation has been stifled.
Good question.
You can read the entire piece here.
- KC's View:
