innovation

Why Nations Fail, Revisited: America’s Institutional Drift & China’s Cleantech Rise

I recently read Why Nations Fail, the 2012 book by Daron Acemoglu and James Robinson, who won the Nobel Prize in 2024 for Economics for their work on how institutions shape economic prosperity, and was struck by how confidently it placed the United States on a path of enduring greatness. … [continued]

Trump’s 2025 R&D Retreat Ignores Key Lessons from “The Entrepreneurial State”

Having just finished Mariana Mazzucato’s 2024 book The Entrepreneurial State, I was struck by how powerfully it illuminated the reality behind state-led innovation, starkly contrasting with the Trump administration’s current approach of scaling back government investment and hoping that corporate R&D can independently fill the gap. Mazzucato thoroughly dismantles the … [continued]

The Solid-State EV Battery Journey Has Only Just Begun

The California startup QuantumScape is one key step closer to commercial-scale production of its new solid state EV battery, featuring the only known self-assembling anode fabrication process in the auto industry.