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	<title>Comments on: Can America Invent It&#8217;s Way Back?</title>
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	<link>http://blog.innocentive.com/2008/09/16/can-america-invent-its-way-back/</link>
	<description>Highlighting Global Open Innovation</description>
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		<title>By: Dan Robles</title>
		<link>http://blog.innocentive.com/2008/09/16/can-america-invent-its-way-back/comment-page-1/#comment-1117</link>
		<dc:creator>Dan Robles</dc:creator>
		<pubDate>Thu, 02 Oct 2008 22:45:36 +0000</pubDate>
		<guid isPermaLink="false">http://blog.innocentive.com/?p=103#comment-1117</guid>
		<description>The current financial system has reached the limits of it’s effectiveness. Interest on debt has exceeded the system’s ability to pay it off. But debt is simply a promisory note on future productivity - any caveman can tell us that the only way to increase productivity today is to innovate yesterday, not tomorrow.

In modern times, this means that the only way to sustainably create more money tomorrow is to innovate today. This is the tiny little flaw of Wall Street that Innovation Economics will correct.

www.ingenesist.com discribes a few simple web applications that will allow human knowledge to become tangible outside of the organizational construct of a corporation, government, or even academia. Whoever developes these applications will generate a great deal of wealth.

These applications are as follows:

1. The knowledge Inventory

2. The Percentile Search Engine

3. The Innovation Bank

Believe it or not, human knowledge would make a wonderfully tangible asset upon which to peg a currency - better than Gold, Silver, Oil, or Debt.

While this may mot seem like a much, the reality is that everything changes. Many of our most durable paradigms will be challenged and millions of new business models will be created while nearly every existing business will be made more efficient.  Wall street will be transformed from master to steward.</description>
		<content:encoded><![CDATA[<p>The current financial system has reached the limits of it’s effectiveness. Interest on debt has exceeded the system’s ability to pay it off. But debt is simply a promisory note on future productivity &#8211; any caveman can tell us that the only way to increase productivity today is to innovate yesterday, not tomorrow.</p>
<p>In modern times, this means that the only way to sustainably create more money tomorrow is to innovate today. This is the tiny little flaw of Wall Street that Innovation Economics will correct.</p>
<p><a href="http://www.ingenesist.com" onclick="javascript:pageTracker._trackPageview('/outbound/comment/www.ingenesist.com');" rel="nofollow">http://www.ingenesist.com</a> discribes a few simple web applications that will allow human knowledge to become tangible outside of the organizational construct of a corporation, government, or even academia. Whoever developes these applications will generate a great deal of wealth.</p>
<p>These applications are as follows:</p>
<p>1. The knowledge Inventory</p>
<p>2. The Percentile Search Engine</p>
<p>3. The Innovation Bank</p>
<p>Believe it or not, human knowledge would make a wonderfully tangible asset upon which to peg a currency &#8211; better than Gold, Silver, Oil, or Debt.</p>
<p>While this may mot seem like a much, the reality is that everything changes. Many of our most durable paradigms will be challenged and millions of new business models will be created while nearly every existing business will be made more efficient.  Wall street will be transformed from master to steward.</p>
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