2 Comments

  1. Jared,

    +1 on the ‘let there be more innovators’ thought, I think we’d just see a lot more people take risks and build interesting things – we may be worse off in terms of actual wealth creation since a lot of these ideas will fail, but better off in terms of value creation.

    In my opinion it boils down to how much risk a person is willing to take. Heading to Wall St and following the trend was the lowest-risk and easiest way of making money since you were more or less guaranteed a large reward if you worked your ass off and managed to not burn out.

    Thankfully we now have a president who gets it, http://www.nytimes.com/2009/05/03/magazine/03Obama-t.html?_r=1&sq=david%20leonhardt&st=cse&scp=2&pagewanted=all

    Also, check out paul graham’s essays (if you don’t mind the occassional kool-aid): http://paulgraham.com/highres.html and http://paulgraham.com/articles.html

  2. jaredran

    Aditya,

    I could’ve been more clear in my post that I don’t think pouring all of our money into innovation is the answer either. My broader point was that pouring all of our money into one aspect of the economy clearly doesn’t work. Diversification is likely much healthier, but I’d love to see that diversification start with encouragement (both financial and moral encouragement) towards innovation.

    Does that make any sense?

    Thanks for those links. I’m looking forward to checking them out.

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