Reddit Reddit reviews Launching The Innovation Renaissance: A New Path to Bring Smart Ideas to Market Fast (TED Books Book 8)

We found 4 Reddit comments about Launching The Innovation Renaissance: A New Path to Bring Smart Ideas to Market Fast (TED Books Book 8). Here are the top ones, ranked by their Reddit score.

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Launching The Innovation Renaissance: A New Path to Bring Smart Ideas to Market Fast (TED Books Book 8)
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4 Reddit comments about Launching The Innovation Renaissance: A New Path to Bring Smart Ideas to Market Fast (TED Books Book 8):

u/besttrousers · 8 pointsr/Economics

Tabarrok presents evidence at some length in his book.

u/allaboutthebernankes · 1 pointr/Economics
u/serfdomroad · 1 pointr/Futurology

I agree with much of your assessment, they were arguments that I not long ago was arguing, but I now think much of it is misinformed. ( I do not have time for the emotional energy to argue against all of your assertions, you win by attrition)

Why is there so much unemployment (for the record I am in Australia that has an comparatively low unemployment rate to the US and Europe), you are right that automation has eliminated many jobs, although there is a massive shortage of skilled labour in the US and to many people getting the wrong skills at university. 25% of male high schoolers do not graduate in the US. Those that go on to college enter into the wrong major from a economic perspective, there are more people graduating in the visual arts and performing arts then there are in the STEM fields. And there are far to many people completing a Liberal Arts degree. There are also not enough people entering the trade fields, plumbers, electricians etc... The rate of apprenticeships is extremely low when compared with Germany. Which has a high rate of automation and low unemployment(compare with other highly developed state). It is easy to think that in the next 20 years everything will be automated, but the practicableness and cost of having a robotic unit come into a persons house and fix something is not anywhere close.

I would explore you to not dismiss "demands of making money" as something that is irrelevant. I am an economist and engineer (mostly software) and there are reasons why the profit motive is important, why there is an entire field dedicated to the studies of economic exchange, organization and human collaboration. I love open source, and I love the maker movement and the grinders. But to say that these groups will handle everything innovation and scientific breakthrough is wishful thinking.

In the end you are advocating a socialist system of confiscating and redistribution. Which is inherently immoral and will lead to stagnation.

I understand how tempting it is to think that this is all round the corner but there is a lull in technological innovation that need to be accounted for before we can say that this is all coming in the next decade

Some of the statistics and evidence I have gotten from here

u/Nashvillain2 · -1 pointsr/TrueReddit

The FDA's intransigence in the face of new medicines is well known and best describe in Tabarrok's book Launching the Innovation Renaissance. We need a more nimble and adaptive FDA in order to bring more medications to market and reduce the burden imposed by disease.