Laurel King's blog

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Real and Imaginary Innovation

If only the vast amounts of talent and energy that have been applied to creative accounting, boosting CEO bonuses and financial derivatives had been applied to real innovation in America. Fortunately, the current market uncertainty may now discourage some of our promising mathematical minds from choosing banking and finance as a quick way to earn their first millions. But then again, maybe I am too optimistic. Short-term thinking seems to be the norm in most organizations.

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Big doesn't work in a market economy

The US economy is in a real mess. Most of us trusted that the regulations in place since the Great Depression and the run on banks would protect us from another such period of economic decline.  Now, it seems there is a chance for yet another catastrophe on that scale.  Triple helix collaboration is needed to solve and prevent problems such as these.  We cannot have capitalism without limiting the size and influence of organizations.  Input from industry, academia and government can help find a balance between size and democracy.