One would be forgiven for concluding that the assumed benefits of financial innovation are not all they were cracked up to be.
Sentiment: NEGATIVE
If all the economists were laid end to end, they'd never reach a conclusion.
Perhaps concentrated wealth will inspire a nation of innovative problem-solvers. But if the view of many economists is right - that it sometimes discourages innovation - then we should worry.
Innovation is serendipity, so you don't know what people will make.
I'd rather see the tax for innovation reduced rather than expanded.
Innovation requires resources to invest, and you can see many companies pulling back and going into an intense protective mode in a major extended period of financial distress.
Everybody believes in innovation until they see it. Then they think, 'Oh, no; that'll never work. It's too different.'
It is the essence of innovation to fail most of the time.
If I had learned more about business ahead of time, I would have been shaped into believing that it was only about finances and quality management.
I think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out.
Pure innovation is more gross than error.