BUSINESS

Fareed Zakaria: Is American Innovation A Thing Of The Past?

03/18/2010 05:12 am ET | Updated May 25, 2011

Americans like to think there is something about their culture that's especially conducive to innovation--the open geography and frontier spirit; a flexible economy with limited interference by government; the Protestant work ethic; an immigrant workforce, constantly renewed by the next generation of talent from around the world. Other countries can perhaps emulate some of these traits, but none can replicate the creative cocktail that is America.

That might be true today. But could it be that American achievements reflect the past more than predicting the future?

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