by Tom Vander Ark – Huffington Post
We live in an idea economy, where a compelling premise can become an industry. Microsoft was the idea that computers could make us more productive. Google was the idea that search could be better. Walmart was the idea that retail could be more efficient. eBay was the idea that the web could be a marketplace. K¹² was the idea that schools could be online. Each of these ideas attracted investment, created jobs, and launched an industry segment. This idea economy runs on an engine of innovation and is particularly strong in America. As a result of several factors: a culture of independent thinking, financial markets and a venture capital sector adept at taking ideas to scale, and a strong, rich and diverse higher education sector, and a non-corrupt bureaucracy.
http://www.huffingtonpost.com/tom-vander-ark/the-idea-economy-requires_b_829670.html
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