When Innovation is NOT Enough (WSJ)

“Being an innovation leader doesn’t arise from  (just) having a national industrial policy. Government does play a catalytic role in funding basic research, but the country (referring to the US) also provides a flexible labor market and skilled workforce, unobtrusive business regulation, strong property rights, efficient capital markets and a large domestic market with many early adopter consumers.”

People, well trained people, are THE fundamental rock for innovation for economic and social well being. Read the full Wall Street Journal article