TED Conversations

Drew Sowersby

graduate school-biochemistry,

This conversation is closed.

Is innovation inextricably tied to finance?

Whether it is maglev rails or high speed internet for all, we are constantly told by leaders that there is no money left to fund innovation. I could probably list 100 other projects that can't exist due to financial limitations or restrictions.

Are we bound by our own devices, or is TED, Google, MIT and others about to set up a universal platform for human trade that moves beyond money?

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Closing Statement from Drew Sowersby

true innovators do not participate more than superficially in the money game

  • Feb 17 2011: "We are constantly told by leaders that there is no money left to fund innovation". ??? There may be no PUBLIC money left, and that is excatly the way it should be, but there are, in fact, BILLIONS of dollars sloshing around out there pursuing every kind of innovation imaginable. But most of it is taking place in corporations who hope to make money out of the innovations. A wonderful system that has served us incredibly well for hundreds of years. Yes, innovation is inextricably bound to finance. Always has been, always will be.