American Innovation, American Competitiveness (Full Version)

American Innovation, American Competitiveness

Where to begin…

Building on common sense and democratic ideals, America turned inventiveness into new industries.

Creating the highest standard of living in the world for the average man and woman.

Imagination, ideas, invention – it’s a commonly held misconception that we’re still the leaders in those things.

But the truth is, we slowed down, while others have sped up: China, South Korea, India, Singapore.

America’s competitiveness has suffered.

One reason? Red tape.

Americans spend 11.5 billion man hours spent yearly on paperwork.

We spend more time on government forms than on grocery shopping or even walking.

We need to search for a better way to get people to spend less time on things like paperwork, and more time on imagination, ideas and innovation.