Technological Innovation in Legacy Sectors

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The American economy faces two deep problems: expanding innovation and raising the rate of quality job creation. Both have roots in a neglected problem: the resistance of Legacy economic sectors to innovation. While the U.S. has focused its polices on breakthrough innovations to create new economic frontiers like information technology and biotechnology, most of its economy is locked into Legacy sectors defended by technological/economic/political/social paradigms that block competition from disruptive innovations that could challenge their models. Americans like to build technology "covered w...