Cardwell's Law states that each government will come to a point of stagnation because technological growth can not be sustained for eternity. What does this mean? Cardwell was talking about the tendency of countries to become content with their standard of living. Contentment breads complacency which can lead to a narcissistic mentality like: "If we can't create it, it can't be done." When complacency and an inflated ego infect an entire society, nothingness happens. That society retreats from innovation and the world as a whole is worse off for it. How do we keep this from happening?
Incentivize people to innovate.
To curb complacency I propose we print 1 trillion US dollars and increase the inflation rate to levels that will force the citizens to actively seek higher returns on their investments. When the masses are engaged in searches for high yielding investments they will spur entrepreneurs to create new business plans revolving around existing products. They will also light a fire under the comfortable seats of innovators currently lounging in R&D departments around the country.
Second, take a few hundred billion dollars from the tax payers and their children and invest it in an emerging industry that has the potential to create high paying jobs for years to come. Focus not only on innovation, but on optimal productions methods that will yield high quality products in little time using few resources.
Finally, don't sit back and watch... Participate and create...
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