Clearly, the past few days of the Always On Stanford Summit 2009 have proven once again that neither technical capabilities, opportunities, entrepreneurial drive, nor innovation represent bottlenecks to progress in today's economy.
The bottlenecks are still anachronistic resource allocation models and empty industrial era narratives that continue to exert massively attenuating influences upon what would otherwise be increasingly accelerating competitive advantage for the U.S.
As we've repeated time and again, massively unsustainable resource skews have resulted in Far Too Few Gatekeepers to even come close to adequate capitalization of the Explosive Acceleration of Innovation, at hand.
Today's Explosive Acceleration of Innovation is not some futuristic forecast, it's today's everyday reality. The millions of real innovators on the ground know this beyond any shadow of doubt. As a society, we're losing more and more Accelerating Value Growth every day, due to the ineptitude and irrelevance of the Capitalism 1.0 world view and the crippling centralization of wealth it has created.
The most generous analogy I can come up with is to compare the predicament of Insanely Centralized Capital to that of Insanely Overworked Physicians, today. If one is a physician or medical researcher today, there are literally thousands of pertinent research findings published EVERY WEEK. It's just simply no longer humanly possible to keep up with even ONE FIELD OF PRACTICE, let alone to be a perpetually fully informed general practitioner.
Similarly, if one is a VC or large institutional investor -- or even part of a network of a few hundred peers -- there is simply no efficient or effective way to keep up with the thousands, nay millions of new ventures that are sketched out on kitchen tables across America in any given week. Obviously, there is no way to know which among those might become the biggest successes in the long term; and one of the most malignant features of the current "traditional" 19th Century Industrial Era paradigm is the seemingly inherent inability to recognize one simple fact:
EVERY SINGLE ONE OF THOSE KITCHEN TABLE BUSINESS PLANS CREATES JOBS in a world that is rapidly moving toward 20% and greater Structural Unemployment. Our entire societal OBJECTIVES have changed, but capital resource and liquidity circulation algorithms haven't appreciatively changed in a century or more.
By institutionally obsessing upon the Next Big Thing that will enable Centralized Capital to continue it's insane, pathologically hoarding "traditional model" behavior, we are literally choking our own economy to death, even while the number of able and willing entrepreneurs is greater than at any time in history. There is only one single word that can sum up such a inherently untenable situation:
Inexcusable.