A Quote by Joe Biden

Almost every great innovation was [created] by government. — © Joe Biden
Almost every great innovation was [created] by government.
Financial innovation can be highly dangerous, though almost no one will tell you this. New financial products are typically created for sunny days and are almost never stress-tested for stormy weather. Securitization is an area that almost perfectly fits this description; markets for securitized assets such as subprime mortgages completely collapsed in 2008 and have not fully recovered. Ironically, the government is eager to restore the securitization markets back to their pre-collapse stature.
Forensic science offers great potential, as it draws on almost every discipline and, in doing so, creates widespread opportunity for innovation.
Software innovation, like almost every other kind of innovation, requires the ability to collaborate and share ideas with other people, and to sit down and talk with customers and get their feedback and understand their needs.
Not every innovation in transportation is going to come from government or even a large enterprise. There are smart people out there with tools and skills to come up with great ideas.
We're just trying to end illegitimate government support for a single technology, which is un-American. We should be leading the world in the next generation of technological innovation. But we can't unleash private capital because of what the government is doing to stifle innovation and to choke competition.
Every single human being is created in the image of God; created for dignity, created for the Father's love, created for kindness, created for mercy.
Intellectual-property rules are clearly necessary to spur innovation: if every invention could be stolen, or every new drug immediately copied, few people would invest in innovation. But too much protection can strangle competition and can limit what economists call 'incremental innovation' - innovations that build, in some way, on others.
Once IBM gains control of a market sector, they almost always stop innovation. They prevent innovation from happening.
We have reached a moment in our history where we think that every problem in America has to have a federal government solution. Every problem in America does not have a federal government solution. In fact, most problems in America do not have a federal government solution and many of them are created by the federal government to begin with.
Measures of self-government and a school council, especially for such young children, were a great innovation.
What generations created, the Left destroys. There are few productive and noble institutions in America that the Left has not hurt or attempted to hurt. But while the Left destroys a great deal, it constructs almost nothing (outside of government agencies, laws, and lawsuits).
The most powerful recent innovation in government is when states aggressively use community colleges for retraining. In Michigan, where large numbers of workers were displaced from the manufacturing industry, we created a wildly successful program: No Worker Left Behind.
I think innovation as a discipline needs to go back and get rethought and revived. There are so many models to talk about innovation, there are so many typologies of innovation, and you have to find a good innovation metric that truly captures the innovation performance of a company.
Innovation must lead infrastructure for a simple but compelling reason: Innovation produces new types of products and markets, and it is virtually impossible to know how to run those markets efficiently before they are created.
One thing I've been doing at Baidu is running a workshop on the strategy of innovation. The idea is that innovation is not these random unpredictable acts of genius but that, instead, one can be very systematic in creating things that have never been created before.
Now the proposal is yet again another $150 billion before we start to think about a freeze. But $150 billion spent on more government programs; monies being created to direct and what kind of jobs that Washington thinks ought to be created. Come on. I mean there is a government that can help, and the government can also hurt.
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