Danger: America Is Losing Its Edge In Innovation
Here we are in a flattening world, where innovation is the key to success, and we are failing to give our young people the tools they need to compete. Many countries are doing a much better job. Ireland, despite a devastated economy, just announced it will increase spending on basic research. Russia is building an “innovation city” outside of Moscow. Saudi Arabia has a new university for science and engineering with a staggering $10 billion endowment. (It took MIT 142 years to reach that level.) China is creating new technology universities literally by the dozens.
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