Through realising this need for innovation, one might be led to think that the forces of innovation need to be streamlined in order to create a “a factory for producing innovation” so that we might eschew the need for government intervention. How often does serendipity produce innovation? How often does big money produce innovation? What can we do to increase the rate of innovation (leave aside what might constitute “innovation”)?
These are questions that require people to think in unconventional ways (long-term thinking and all that), so they’d rather resort to asking “who’s in charge” and revert to centralised ruler-ship and centralised risk pooling. It’s how we think. It’s reasonably more easier for our minds to handle than libertarian ways of thinking. Its sad but true. Conventional governance is more like a stop gap for our inability to take into account our short-sightedness and stupidity.