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Time for Innovation Economics

October 17, 2008

America needs to encourage innovation on a grass-roots level to prosper the real business of life.

business innovation

business innovation

Innovation economics is about observing the causes of innovation, collecting new data about innovation and identifying policies that boost innovation and generate jobs. Sooner or later, most economists agree that innovation is the driving force behind growth and rising incomes. So where has the innovation gone in America besides on Wall Street?

In the midst of the latest financial carnage and general insecurity, a few innovators feels strongly enough about personal ideas to do something with them, usually starting a new small business. You can run around screaming and panicking about stock market losses or the poor state of your 401k or you can do something else. That something else is getting down to the business of looking to the future, which may mean firing up a new business idea, even if what you have is a leap of faith.

Even in the gloomiest of times, people prosper and usually because they refuse to sit still waiting on someone else to fix their life and problems for them; even if what they can do is limited. This creates more diversity and opportunity for real people and others around them on a grass-roots level.

Some business expert would say that you need research labs where new ideas can percolate (sort of like the IBM dark room commercial), big companies, start-up venture capital, investors willing to put capital to work, and a networking group or social gathering that brings people together. The reality is that you need a good idea, the feedback of other people, savvy, persistence and plenty of hard work. All the rich man corporate ideals are optional in the real world, as well as questionable for any real innovation.

When large companies lay off workers or close, workers sometimes discover a better part of themselves instead of continuing to look for the highest bidder. In theory at least, innovation continues despite the gloom. What can Big Government do? Nothing but get out of the way. Big Government can turn back rules for small business about thirty years for a start. This is not laissez-faire economics or trickle-down economics, but giving American citizens the freedom to succeed. Forget about bolstering the Small Business Administration and banking loans. Try something creative like microloans. Better yet, try hard work, intelligence and grit. It won’t be easy much of the time, but life isn’t a cake walk. Go ahead and regulate big business interests if you must Mr. Congressman, but let the American people get cracking at what they do best, while trusting them to do it as you step aside. The American people are your bread and butter, not the Federal Reserve. Allowing Americans the freedom to rebuild their lives without being slaves to Corporate America is exactly what this nation needs. ~ E. Manning

One Comment leave one →
  1. October 20, 2008 3:41 pm

    The Ingenesist Project is an open source economic development project designed to induce an innovation economy by allowing human knowledge to become tangible outside the construct of Wall Street, corporations, government, or academia – rather, in Social Networks.

    The Ingenesist Project; Putting an End to Debt Economics

    The U.S. National Debt is over 10 trillion dollars. Assuming deficit spending stops today, every man, woman, and child in the US is responsible for $33,500.00.

    This means that $33,500.00 of every person’s productivity has already been spent. Obviously, the only way to pay the debt is to increase every person’s productivity by exactly $33,500.00.

    The only sustainably way to increase human productivity is innovation. The Ingenesist Project is an open source economic development program that will meet this challenge head-on by inducing an Innovation Economy.

    The Innovation Economy:

    The Ingenesist Project has identified three relatively simple web applications which, when applied to Social Networks, will allow human intellect, social capital, and creativity to become tangible outside the construct of Wall Street, Corporations, and Government.

    The Ingenesist Project will build a mirror economy trading rallods (‘dollar’ spelled backwards) in an innovation economy. Rallods will be backed by “innovation” whereas dollars are backed by “debt”, hence, a mirror economy.

    The Ingenesist Project has a Patent Pending for an Innovation Banking System and will release all rights to the public domain. By definition, The Ingenesist Project holds 10 Trillion rallods – and counting – to spend on development.

    The Ingenesist Project will generously award rallods on a reputation scale for posts to The Ingenesist Project public forum toward the design, development, and improvement of the three web application (did I mention TIP has 10 million million rallods to blow?).

    The New ‘Stock’ Market

    Countless “new-to-the-world” business plans and patentable methods, systems, and devices will result from the The Ingenesist Project.

    Entrepreneurs are encouraged to patent, protect, or contain all intellectual property that they develop and become as wealthy as they possibly can under the condition that they pay royalties, equity, or options to their knowledge inventory.

    The entrepreneur’s “Secret-Sauce”, however, must be shared with The Ingenesist Project in order to improve the Percentile Search Engine Algorithm for the benefit of the public domain.

    Participants eventually be able to trade services among each other in Rallods.


    Deficit spending is unsustainable. The existing financial system has exceeded its ability to pay back the debt and is being consumed by the interest on this debt.

    As the dollar crashes, society will need an alternate economy to trade upon – one whose currency is backed by something tangible – our own productivity!

    The dollar may eventually peg at some exchange rate to the Rallod.

    More Information:

    Please review

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