This observation about the necessity of freedom seems obvious - and yet it is remarkable how often this truth is overlooked. I believe the connection between freedom and innovation is ignored in both capitalist and communist economies. Innovation can be squelched by the demand for short-term profits, or it can be smothered by central planners.
I think of this connection after reading an excellent
column by Georgy Satarov. He picks apart a recent interview by a
high government official, a government official describing in detail how
the Putin-Medvedev administration is going to create some sort of
engine for economic development and innovation. It won't happen. I have
no idea about what is the future for Russia at this point, but it does
not look very bright. The people running the country seem determined to
close any possible space for democratic opposition. Without democratic
opposition, there can be no peaceful change. And Russia vitally needs
change. It plods on, its extractive industries subsidizing its maddening
and oppressive inefficiencies.
To read the full, original article click on this link: thoughts on the road: Innovation requires freedom
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