The following is a story from the Wall Street Journal-Printed Feb. 17, 2007
Why does the American economy keep confounding the Jeremiahs (and the Dow Jones Industrial Average keep soaring)? It is the appetite for innovation, the extraordinary capital to support risk, and the political framework of freedom for the individual. I recently asked Sergey Brin and Larry Page, through their search engine Google, what they could discover about American chief executives and innovation. They gave me 9,850,000 entries to read. By now it may be up to 10 million or more. This cornucopia about innovation reflects a major but little remarked change that has taken place in American business thinking. Of course, Google is just one of the innovations which now make up the tissue of our everyday lives -- think of email, antibiotics, television, statewide banking, FM radio, personal computers, the uplift brassiere, helicopters, instant cameras, cell phones, synthetic fibers, radio tuners, MRI scanners, scheduled airmail, trans-Atlantic flights, fish fingers, microwave ovens, transistorized hearing aids, artificial insulin, lasers and jet planes, not to mention the container shipping that effectively initiated globalization.
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