We Have No Choice:
We Must Look To Innovation To Rebuild The Economy, Our National Security & Avert The Debt Ceiling
But It Must Go Through The Middle-Class
Because of the state of our economy, the dysfunction currently in our political system, the concerns about national security, and the potential for those already struggling financially being made to struggle even more, we are presenting this introduction to show why innovation is the most intelligent and effective strategy to solve these problems. Innovation is usually mentioned either in vague terms or grandiose terms regarding its capabilities. We have decided to put a face on it to show what it looks like at all levels; because innovation is "thinkers" who are in continual pursuit of a better solution.
Author and New York Times columnist, Thomas Friedman, once wrote an article about Tony Wagner, the Harvard based education expert and author of “The Global Achievement Gap”. Mr. Wagner stated that there are three basic skills students need if they want to thrive in a knowledge based economy: the ability to do critical thinking that leads to problem solving; the ability to effectively communicate; and the ability to collaborate. We would add that there are grown people, in positions of authority, who are not manifesting these attributes, and the first attribute that Mr. Wagner lists is the ability to think. We need innovative thinkers now to move the country forward; not rhetoric, slogans, fabricated accusations, or supposed solutions based on fallacious logic.
The quest for innovation has always shown that with this desire for progress, there must be an acceptance by society that they cannot continue to do what they have always done. At some point some things must be done differently. Our nation is at that point right now and we have no choice; we need an open-minded intellectually receptive public because we need new ideas in a number of areas. That is why, in 2009, the concept for this website was formed.http://www.innotechbreakthroughs.info/
It was created
to show that, in spite of the challenges to our national economy, we
are absolutely able to rebuild the country and grow our economy
through innovation. This is an effort to expose new
technologies and methodologies that will generate new opportunities
and revenue streams to lift the entire country. But we realize that,
if it is going to work, there are primary groups that we feel
innovation must target: the middle-class, the poor, the elderly,
veterans, and municipalities.
why the above above population segments are so important to how the
economy performs, consider this sports analogy: In basketball the
successful teams run their offense through their most dominant player
because in spite of how well they may score they will also pass the
ball when necessary which makes their teammates better. With the
economy, as it is with the same principle in basketball, it is not
those with the most money that are the most vital for economic
growth; it is those who will effectively recirculate their money back
into it making it stronger. The middle-class does this automatically
because they are the largest demographic which is why we are a
consumer driven economy. So, when they are economically stablized, it
stabilizes the entire country.
For the past 40
years, a concerted effort has been executed by those at the top end
of our economy to refuse to pass the ball to the middle-class by
squeezing the salaries of middle-class workers and making them become
stagnant even with business growth, technology development and rising
profits. The author and journalist, Hedrick Smith, goes into great
detail about this in his book: “Who Stole The American Dream?” He
recounts how, in the past, the work force financially shared in
business growth and, in 1980, the rate of pay for a CEO was only 40
times that of the average worker. Now, with middle-class wage
suppression, that pay rate has mushroomed to 400 times that of
the average worker.
In 2010, the
average income gains for the bottom 99% of the nation's work force
was $80 while the average income gains for the top 1% was $105,657
(Source, Saez and Piketty). This is why we have a new cultural
expression called “Income Inequality” and this is the reason why
the issues of a slow economy and debt are plaguing the nation and the
world. It is the reason why the wealth of the bottom 90% of the
nation's wage earners has been transferred to the top 1% and it is
why, for the first time in our country's history, average Americans
are less educated and less prosperous than their parents. (Source:
“Inside Job”, an HBO documentary on the 2008 financial crash that
caused millions to lose their homes and jobs).
we are going to reverse this problem and rebuild America it won't
happen with just budget cuts and tax cuts, it is going to require
innovation. Sequestration and the “Debt Ceiling” are,
again, an issue because an agreement needs to be reached about how to raise money and save it.
The problem is we are trying to illogically solve it from the back
end, using budget cuts, with the focus on the government, taxpayers
and consumers; instead of from the front end by analyzing what the
government and the American public are spending money on before
it is spent; and determining if there are more efficient ways our
spending can receive optimum value. The former can slow the economy and exacerbate the suffering of the disadvantaged, the latter can reduce the nation's spending while increasing revenue, to create jobs and help the country meet budgetary expenditures, all at the same time.
is why we cannot keep doing the same thing when it does not produce.
Innovation will reveal that we have products, technologies, methodologies and
companies that are not only value deficient and outdated; they are causing the
government and consumers to spend billions, if not trillions, more than necessary
and they will induce the government and the middle-class to go into economic
distress just to keep them afloat.
can change this and take the pressure off of negotiating the "Grand
Fiscal Bargain" to fix the deficit from the back end. The noted
economist, Dr. Alice Rivlin, the first Director of the Congressional
Budget Office and the former Director of the White House Office of
Management and Budget, spoke about how much more effective it is to
spend money efficiently. She stated, "Some people think that
when it comes to money that spending more is good, but spending
better is more!"
Bio-Fuel Technology that is featured in the article on this web site
will provide more benefits to the national economy than any plan
proposed for the "Grand Fiscal Bargain" by Congress or
Simpson/Bowles; because it will save roughly the same amount in revenue as theirs does in spending cuts while generating a revenue stream that is more than thirteen times greater than theirs; and it will all come from innovation that produces more efficient spending on the front end. This technology's unveiling will lift consumer and business confidence for the economy because it can be initiated as an act of commerce and not be hindered by partisan political gridlock.
we are going to effectively revive the economy, innovation must be
conscientiously tailored to economically empowering the middle-class
when targeting products and technology for the mass consumer market.
Innovation is not limited to only electronics and computer chips; it
includes any methodology
that can present better solutions and every improvement in
technology or methodology that is represented on this web site is
readily accessible by the middle-class or municipalities. Some of
them are going to completely change the debate around how to solve
the “debt ceiling”
because they are going to change the country's trajectory for
economic growth while reducing the debt and the deficit. This is why
the middle-class must be viewed as the “main event”when it comes
to ideas for growing the economy.
One major idea is which version of “Capitalism” will we embrace from now on. The “Henry Ford/UAW - Inclusive” version or the “Gordon Gekko – Non Inclusive” version. The issue of inclusion and non-inclusion represent deliberate choices by those who held economic power as to how they would deal with the middle-class. Henry Ford built the Ford Motor Company with the mandate that his workers must be able to afford the cars they made; so, he paid them a wage that was controversially higher than the market rate at that time for manufacturing and he eventually agreed to terms with the United Auto Workers that his workers would be treated fairly throughout the development of his company. Gordon Gekko was a character in a movie whose business practices were described by his mantra that “Greed is good.” The “Inclusive” version of the early 1900's, laid the foundation for American industrialization and built the middle-class and the country: The “Non-Inclusive” version in the 1970's, has put the country in economic decline and in 2008, almost brought it to its knees.
True innovation has historically
been fought and resisted because it creates unbelievably affordable value
for the poor and middle-class and it gives solutions to problems that the
public urgently needs: The status quo and special interests can't compete
with it so they block it to preserve their business models and revenue streams.
tolerate those roadblocks now. No corporation, industry or career
should come before the well-being of the American people. We need
innovation that is represented by business models that will take
others, besides upper-management and shareholders, up the economic
ladder as well. We
are presenting a few of these innovations that we believe are capable
of doing this that are in major areas of concern such as Energy,
Education, Healthcare, Finance, Infrastructure and the Environment;
with more to come in other categories later. We invite you to
investigate them thoroughly.
Gates, in his 2013 Annual Letter to the Bill and Melinda Gates
Foundation stated, "You can achieve amazing progress if you can
set a clear goal and find a measure that will drive progress towards
that goal. Any innovation – whether it's a new vaccine or an
improved seed- can't have an impact unless it reaches the people who
will benefit from it."
represents the same wisdom and common sense one would use in passing
the ball to LeBron James if he was on your basketball team...if your
focus is on winning instead of only how many points you personally
scored. The American people need to win now and see how innovation
can pass the ball and
level the playing field to make that happen.
detailed information about what we are doing please click here.
read an article about how an innovation in the restaurant industry
can provide the model for reviving the nation's economy, please click
The following are the
observations of noted economists of how innovation can positively
impact the economy and create new jobs:
Jeffrey M. Humphreys – Economist
Selig Center, Terry Business College
University of Georgia
could trigger the regrowth of economic development, the regeneration
of jobs and it could effect the issue of spending cuts. We need to
create a fertile ground for innovation ”
read this entire interview please click here)
Vijaya Subrahmanyam – Economist
Professor, Stetson School of Business and Economics,
University - Atlanta
the resuscitative measures – raising the debt ceiling and the Fed's
quantitative easing – are temporary fixes, everyone may have to
face the harsh reality of the increased cost of doing business and
focus on innovation and differentiation that will lead to more
sustainable growth and employment.”