Necessity Breeds Invention

Posted in Uncategorized by mcarter on July 2nd, 2009

So says Thomas Friedman in the New York Times.

He notes that recessions are a time when companies like Microsoft get born:

We might be able to stimulate our way back to stability, but we can only invent our way back to prosperity. We need everyone at every level to get smarter.

I still believe that America, with its unrivaled freedoms, venture capital industry, research universities and openness to new immigrants has the best assets to be taking advantage of this moment — to out-innovate our competition. But we should be pressing these advantages to the max right now.

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