There are many who are hoping that another great innovation will re-ignite the US economy – similar to the way the internet boom ignited the economy in the past. Many folks have gone on record saying that something along these lines – maybe a breakthrough in energy production or health care – would be just what the economy needs to start another run.
I wonder what permanent effect any innovation would have unless we change some of our underlying habits. Deficit spending is a road to disaster. We’ve seen that. Bad habits are not good for a healthy economy.
Even modest changes in government acquisition habits, the addition of coordinating mechanisms, or the application of standards across IT platforms would go a long way over time to reducing waste and contributing to a solution. Some of this stuff we can do in our own environment.
What do you think?