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Why I Don’t Trust the Government When it Comes to Innovation

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When it comes to how well the government handles innovative thinking, it’s tough to beat this outstanding quote from Peter Drucker’s 1967 book “The Effective Executive:”

“The need to slough off the outworn old to make possible the productive new is universal. It is reasonably certain that we would still have stagecoaches—nationalized, to be sure, heavily subsidized, and with a fantastic research program to “retrain the horse”—had there been ministries of transportation around 1825.”


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