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Innovation is a Delusion — Russell Whitehouse

Summary:
A short review of Lee Vinsel and Andrew Russell’s The Innovation Delusion: How Our Obsession with the New Has Disrupted the Work That Matters Most. Mes a case that US society and its elite are so absorbed in the future, past and present are being ignored — at the peril of the society, e.g., failing to repair or replace depreciating capital. Some of this pertains to infrastructure that is the government's responsibility, but much of it affects industry, too. The argument is that the US too heavily focused on tech innovation. Financial "innovation" can also be added.International Policy DigestInnovation is a DelusionRussell Whitehouse

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A short review of Lee Vinsel and Andrew Russell’s The Innovation Delusion: How Our Obsession with the New Has Disrupted the Work That Matters Most.

Mes a case that US society and its elite are so absorbed in the future, past and present are being ignored — at the peril of the society, e.g., failing to repair or replace depreciating capital. Some of this pertains to infrastructure that is the government's responsibility, but much of it affects industry, too.

The argument is that the US too heavily focused on tech innovation. Financial "innovation" can also be added.

International Policy Digest
Innovation is a Delusion
Russell Whitehouse

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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