While I didn't agree with a lot of his ideas, this one has proven true over time.
If you meant innovation in a scientific/startup context, than the reasons are as follows:
1. Space: Rent seeking economies create commodities out of physical locations used to build high risk apparatus. Even university campus space is often under synthetic scarcity.
2. Time: Proportion of bureaucratic and financial investment pressure constrain creative resources actually used to solve some challenge.
3. Resources: Competition and entrenched manufacturing capacity asymmetry. Unless one can afford to play the Patent game... people will simply steal/clone your work to fragment the market as quickly as possible. Thus, paradoxically degrading technology markets before it may mature properly through refinement.
4. Resolve: Individuals focused on racketeering and tying as a business model generally case harm to the entire industry through naive attempts at a monopoly.
5. Respect: Smart people do not choose to be hapless, and simply vote with their feet when their communities are not longer symbiotic.
There are shelves full of technology the public won't see for years, as there is little incentive to help rip off consumers with Robber Baron economics. This is why "we" can't have nice things... and some people are 10 years into the future. =3
https://youtu.be/TRZAJY23xio?feature=shared&t=1770
While I didn't agree with a lot of his ideas, this one has proven true over time.
If you meant innovation in a scientific/startup context, than the reasons are as follows:
1. Space: Rent seeking economies create commodities out of physical locations used to build high risk apparatus. Even university campus space is often under synthetic scarcity.
2. Time: Proportion of bureaucratic and financial investment pressure constrain creative resources actually used to solve some challenge.
3. Resources: Competition and entrenched manufacturing capacity asymmetry. Unless one can afford to play the Patent game... people will simply steal/clone your work to fragment the market as quickly as possible. Thus, paradoxically degrading technology markets before it may mature properly through refinement.
4. Resolve: Individuals focused on racketeering and tying as a business model generally case harm to the entire industry through naive attempts at a monopoly.
5. Respect: Smart people do not choose to be hapless, and simply vote with their feet when their communities are not longer symbiotic.
There are shelves full of technology the public won't see for years, as there is little incentive to help rip off consumers with Robber Baron economics. This is why "we" can't have nice things... and some people are 10 years into the future. =3