Tuesday, April 28, 2009
An Innovation Conundrum
Entrepreneurs can build future prosperity. But we first need to fix capitalism's systemic cultural problems.
I met Nassim Nicholas Taleb in San Francisco's Fort Mason Center once. Taleb is now famous for The Black Swan, a book through which he has popularized the idea that random accidents and uncertainties--he calls them Black Swans--determine the course of history and the trajectories of people's lives. (See "The Oracle of Doom.") I asked him, "What are you going to do about your thesis?" He answered, "I don't do. I just think and write."
For the moment, I have also been thinking and writing. My thinking has led me to conclude that innovation is a crucial need of the hour. But we have systemic problems holding innovation back.
See full Article.