Fredrik Erixon on the Innovation Illusion
We are said to be living in an age of rapid technological transformation, with another game-changing new gadget just around the corner and innovations overhauling everything from how we communicate to what jobs we do.
But is our economic system really as innovative as we think? Not according to this week’s guest on Free Exchange.
Fredrik Erixon argues that far from being dominated by swashbuckling entrepreneurs, the version of Western capitalism in place today is defined by a dreary managerialism and a stultifying aversion to risk. The result is slow growth, stagnating living standards -- and…
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