American taxpayers invest billions of dollars every year in federally funded research and development with little investment return. This book describes governmental policies, corporate and individual actions that can increase the benefits of these investments and renew the American innovation machine. The sale of the research bonds in California, while controversial in nature, is an innovative example of how targeted renewal can take place. While World War II was financed by savings bonds, the book argues for policies like innovation bonds to finance the fix of The Great Broken American Innovation Machine.
The book offers a Grand Unifying Theory and Explanation (GUTE) of extraordinary current events such as, the worlds largest and most successful computer company’s sale (IBM) of its laptop computer business to a small Chinese computer company, the annual creation of two million jobs by small businesses and the annual reduction of more than one million jobs by Fortune 500 companies. This book will help the reader understand the threats to continued American innovation in a global economy where the rule of law is the exception rather than the rule, and will provide specific methods where businesses can take advantage of gaps in the technology development process.
The book explains the rational for the coexistence of governmental policies supporting the economic benefits of job outsourcing and manufacturing by American companies in other countries with policies that could launch a renewal of the American innovation machine. The golden rule, that who has the gold rules, is true; and never truer than in the rise and fall of the American innovation machine. This book presents a compelling story laced with history, current facts and trends that affect you and your business.
This book explains how some companies, and in fact some countries, economically access billions of dollars in research and product development activities and how these companies are developing great products with razor thin product development budgets. Governmental regulations typically reward the follower and penalize the innovator. No doubt your company faces innovative gridlock. New products are expensive to develop, more expensive to defend in court and usually easier to copy than develop. The monopolies granted by the patent department are excised by the courts or by the anti-trust department. The book offers the reader suggestions how to use these facts to make the best decisions.
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