Date: July 8th, 2012 11:14 PM Author: impertinent cheese-eating yarmulke
Innovation is an alchemy, an art which can only be approximated by science, and which is dependent not just on good ideas, not just on capital, and not just on diligence. It is dependent on all three.
The idea that you can grow the economy by squeezing resources toward capital can only be positively asserted once you show that capital is all that lacks.