Sunday, January 08, 2012
Avoiding Innovation's Terrible Toll
The WSJ has a front page article about "Avoiding Innovation's Terrible Toll". The toll in question is Kodak and Barnes&Noble's demise. I'm very old and was just reminded of my mortality (this morning, a 50 y.o. anastesiologist fell dead in Meir Hosp.) but I am for change. Old is bad, decaying, must be destroyed; new and striving is good. Innovation cannot, should not be avoided. The toll has to be paid.
I think that the cause of all innovation is government's rapacity and regulation. I mean, once a business starts to work on a rutine and predictable way, the government or the nearest people with power will take it over and regulate it. The goal of regulation is mostly to create stability and predictability. An area occupied by the bureaucracy is dead for outsiders. If outsiders are forced by the circumstances to look for a living, they will try out new things and new businesses in yet uncolonized areas. If they are really desperate and they have no way of return, they will do miracles. Like the Puritans in New England, like the Huguenots in South Africa, like the Jews in Western Europe and America.
Innovation comes by way of desperate people. In these days, the Chinese are the most desperate people on the planet and will bring the next wave of innovation. Here in boycotted Israel we still have a deep reservoir of desperation. The British people is also building up bitterness and desperation, they may still break out once more. The pic shows the commander of the HMS Beagle that shot himself in Puerto Hambre, on the Magellan. Out of desperation.