We manufacture hardly any of our own electronic parts. Worst of all, we're abdicating innovation. For example, we haven't initiated a new, large-scale transportation system in 40 years. Japanese innovation dazzles us. The American financial enterprise, its eye on security and short-term gain, has stopped taking risks.
New technologies are too dangerous for organizations that want only to stay safe.
And so we go on killing the goose to get her golden eggs. Without the old virtues to nourish her, the goose will stay dead. And today, a good idea has more elbow room than it ever did. An industrial gamble has a greater chance of success. Trading securities might be a road to wealth.