America is plagued by mediocre primary schools, subpar infrastructure, and dysfunctional government. But somehow, this country manages to get at least one big, important thing right: innovation.
That’s the deep magic of the world’s leading economy. But some disturbing trends suggest the nation’s competitive edge may vanish if government doesn’t embrace startup capitalism rather than crony capitalism.
A new Brookings study finds bad news, both short- and long-term, for U.S. entrepreneurship, a critical driver of innovation.