Saturday, October 30, 2010

VP Biden's profound misunderstanding of innovation

"Every single great idea that has marked the 21st century, the 20th century and the 19th century has required government vision and government incentive.[sic] In the middle of the Civil War you had a guy named Lincoln paying people $16,000 for every 40 miles of track they laid across the continental United States ... No private enterprise would have done that for another 35 years." —Joe Biden, U.S. Vice President, 10/26/2010

Who makes things happen around here? Some think it's government. They couldn't be more wrong.
By Jason Lewis, Star Tribune, September 3, 2011

Korea at night
"Government vision" vs. "private enterprise" - The Korea peninsula at night.