Monday, November 30, 2009

"Is America Losing Its Mojo?" or Are We Becoming a Nontrepreneur Nation?

A couple weeks ago Newsweek published Fareed Zakaria's piece:

Is America Losing Its Mojo?
Innovation is as American as baseball and apple pie. But some traditions can't be trademarked.
*photo from Newsweek (from left: Bettmann-Corbis: LOC-Corbis; Alfred Eisenstaedt / Getty Images; Jennifer Corbett / AP; Michael Grecco / Getty Images)

This was an interesting and insightful article that overlapped with my old op-ed, "Coming Soon: Nontrepreneur Nation," that was published at InsideWork and Private Equity HUB last year.

Another timely and overlapping article was last week's cover story in TIME magazine, "The Growing Backlash Against Overparenting".

Zakaria's op-ed continues along his "rise of the rest" theme and focused on Asia's current and future prominence. I believe he missed an important factor in this discussion which is America's declining taste for risk and entrepreneurship. In my opinion, this is driven by overparenting and failures in our education system.

Additional commentary from Forbes' Rich Karlgaard, "Fareed Zakaria on Innovation".

A related post by By Vivek Wadhwa, Director of Research at the Center for Entrepreneurship and Research Commercialization at Duke University, "Protectionism vs. the Innovation Nation".

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