Where Does Innovation Thrive: Universities or the Capitalist Market?

In summary, innovation can come from a variety of sources including universities, government funded research, markets, industries, and individuals. Ultimately, it is driven by a need for new ideas and solutions.
  • #1
jaydnul
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I'm curious where real innovation comes from. In trying to understand the economics of both sides of the political aisle, it seems to be a difference in a opinion of where innovation comes from.

Conservatives think innovation comes from the wealthy investing in ideas within the free market, while liberals more or less want that money taxed and in the hands of the lower classes and rely on innovation coming from universities and government funded research.

So where does most innovation happen, in universities or in a capitalist market?
 
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  • #2
jaydnul said:
Conservatives think innovation comes from the wealthy investing in ideas within the free market, while liberals more or less want that money taxed and in the hands of the lower classes and rely on innovation coming from universities and government funded research.
That's a pretty broad, if not inaccurate, generalization.

Innovation can occur within markets (not necessarily capitalist), within an industries, within a companies, within a universities, within governments, on with an individual or group of individuals, whether they are outside an academia, industry or government, or in one of those settings.

A propos - http://web.mit.edu/evhippel/www-old/books/sources/SofI.pdf

http://www.incrementalinnovation.co...-development/7-sources-innovative-opportunity

https://hbr.org/2002/08/the-discipline-of-innovation
 
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  • #3
jaydnul said:
So where does most innovation happen, in universities or in a capitalist market?

Wherever there is a need. Need is the mother of invention.
 
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Sorry, we no longer discuss politics, and the question of innovation sans politics seems to have been sufficiently answered. Thread closed.
 

Related to Where Does Innovation Thrive: Universities or the Capitalist Market?

1. What is the definition of "The Politics of Innovation"?

The Politics of Innovation refers to the ways in which political factors and processes influence the creation, development, and implementation of new ideas, technologies, and products. It involves understanding how government policies, cultural norms, and power dynamics impact innovation and can either hinder or facilitate its progress.

2. How does government policy impact innovation?

Government policies play a crucial role in shaping the innovation landscape. Policies such as funding for research and development, intellectual property laws, and regulations can either encourage or discourage innovation. For example, tax incentives for innovation or relaxed regulations can promote innovation, while strict regulations and high taxes can hinder it.

3. How do cultural norms affect innovation?

Cultural norms, beliefs, and values can also have a significant impact on innovation. Some cultures may value risk-taking and experimentation, leading to a more innovative environment, while others may prioritize stability and tradition, which can stifle innovation. Additionally, cultural attitudes towards failure and success can also influence the willingness to take risks and try new ideas.

4. How do power dynamics influence the politics of innovation?

Power dynamics, such as the distribution of resources and decision-making authority, can greatly influence the politics of innovation. Those with more power and resources may have more influence over the direction of innovation, while those with less power may struggle to have their ideas heard or implemented. This can lead to systemic inequalities in the innovation process.

5. What are some strategies for navigating the politics of innovation?

Some strategies for navigating the politics of innovation include building strong relationships and networks, actively engaging with policymakers and stakeholders, and advocating for policies that support innovation. It is also essential to understand the power dynamics at play and work towards creating a more inclusive and equitable innovation environment.

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