As recently as last fall – and, indeed, even in today’s popular political discourse amidst the 2016 U.S. Presidential elections – there’s been a growing popularity in the belief that American innovation is dying (or even dead). Making specific references to the decline in spending on research and development, proponents of the argument claim that the U.S. is quickly getting buried under the shadows of Finland, South Korea, and even China. Upon closer inspection, though, there’s no better time to believe in American innovation.
