Tag: Innovation

Virgil: Trump Connects to the Taproot of American Economic Nationalism with Henry Clay’s ‘American System’

In his March 20 speech in Louisville, Kentucky, President Trump sounded many familiar and important themes, including the importance of jobs, manufacturing, trade, and the need to revive the coal industry. And yet he also added a new and larger “meta-theme,” namely, the urgency of building up our industrial strength for the sake of economic and national security. That meta-theme, we might observe, is the essence of the “American System” of Henry Clay.

AP

Patent Trolls Don’t Contribute to Innovation–They Impose a Private Tax

Trial lawyers trying to hold parts of the legal system hostage to make money is nothing new. It always happens the same way: a few creative lawyers figure out how to exploit legal loopholes; then abuse those loopholes to enrich themselves at others’ expense until someone stops them. Along the way, they come up with all sorts of creative justifications for what they are doing, claiming it’s actually positive and beneficial. Behind the scenes, they convince or pay off special interests to lobby for delays in changing the law that would close their loopholes and stop the cash flow.

AP

U.S. only 6th in Tech Innovation

The Bloomberg Innovation Index, which ranks countries based on tech developments including research and development, tech education, and patents, placed the United States in sixth place with regard to overall innovation, research and development (R&D), and education. The U.S. followed South Korea, Japan, Germany, and Finland.