Love is a tough English word. We need an economy based on Philia. That is mutual supportive up close collusion. Then comes the Agape up close enduring affection and understanding. Those principles are firmly baked into American New Product Development principled and case study literature. Our available high business wisdom is VERY good but mostly ignored. Edward Deming finding his Quality Assurance audience among Japanese industrialists was the classic case of reckless Americans ignoring their own and shooting themselves in the foot.
Our non-tech legacy corporations are ever few in number. We have well run operations like GE or 3m. But most are just legacy passive inherited investors feeding on the rotten leviathans. Despite our enthusiasm for startups we have fewer new tech startups than we did in the 1990’s or 2000’s today. Indebted college kids trying to buy cars do not generally start new companies.
Small business is our only crucible of hope outside tech. Live food, small batch fresh prep and higher value add exports are one good set of candidates for innovation. Services for long Boomer retirements spending pensions is another goldmine awaiting tapping. We don’t have enough travel young enough or sufficient language training to interest most American in African markets despite rapid growth there. Eurasians have giant advantages over us in traditions and proximity.
