INNOVATION IS WHAT CREATES PROSPERITY

​It’s a concept that is too often overlooked: prosperity depends on new ideas that result in products and services that people want.  This quote from a book review in The Federalist sums it up quite well:

[B]usinesses can only make offers to consumers…. They not only have to produce things that add value to society but also compete with other businesses for consumer dollars and for the best employees by offering competitive pay.
They also must to continue to innovate or cease to exist. Put another way, the free market determines their worth. No entrepreneur or corporation can ‘earn a fortune without creating tremendous values that, by necessity, improve the lives of countless other people.’ This is why we should celebrate innovation.