Computerworld explore whether Congress will crush the technology industry if it U.S. budget cuts kick into gear for the next 10 years.
MIT President played out this scenario during a talk in Silicon Valley last month.
Excerpt from American Innovation Losing Its Shine?
American ingenuity and innovation, the twin engine of the country’s economy since World War II, is in danger of losing steam and job growth potential if federal legislators allow “automatic" spending cuts to kick in next year rather than earmarking federal funds to advance education, research and manufacturing, according Massachusetts Institute of Technology President Susan Hockfield.
"The big question is: Where will our much needed jobs come from?" she asked. "Will we let other nations lead or will we seize the lead?"
Spending cuts may help solve America’s immediate budget deficit woes, but Hockfield warned of dire consequences to not making critical, long-term investments that will drive the innovation economy that has generated more than half the new jobs in the last 50 years.
Answers to America’s Innovation Challenge Are in America, reports The Atlantic (photo from story):
"Indeed, if we look to nations that are gearing up to lead the pack in 2052, rather than 2012, we see that countries like Qatar and India are busy spying on these American ventures to help them make the leap. We would be well-advised to take the hint, and to push forward by drawing on what the U.S. has always done best."
But there’s “an ambition deficit” and a “lackadaisical approach to education" in this country, says MIT President Susan Hockfied during a recent Commonwealth Club talk in Silicon Valley.
"Those countries that are beating America in math and science scores in the past years are working harder and value those fields more than we do," she said.
In “Rethinking Thinking,” the “Aping Mankind: Neuromania, Darwinites and the Misrepresentation of Humanity” author Dr. Raymond Tallis writes in The Wall Street Journal about two recent books that look at how “a lumpy bunch of tissue lets us plan, perceive, calculate, reflect, imagine—and exercise free will.”
Neurosciences have intrigued several leaders in technology, market research and academia, including:
Federico Faggin, who designed the Intel 4004, the world’s first microprocessor co-invented by Ted Hoff and Stan Mazur 40 years ago this month. Faggin says computers will be an essential tool for understanding human consciousness, but even if quantum computers arrive soon they will not surpass human intelligence.
Susan Hockfield, a neuroscientist and first woman to become president of MIT, says that collaborate research across different fields of life, physical and engineering sciences will bring the important breakthroughs needed to keep America’s innovation economy in the lead.
David Ginsberg is blending traditional market research with neuroscience techniques to tap into subconscious motivators that drive people to prefer one thing over another, and how that influences they way people make purchasing decisions.
Tristan Walker of successful location check-in social network Foursquare talks to CNN Money about what’s needed to bring more diversity to Silicon Valley and the world of technology at large. Diversity and deeper expertise is what seems to be in need, and according to MIT President Susan Hockfield we need more ambition, or appetite for tackling bigger problems that require public and private collaboration and long-term funding, otherwise American Innovation will continue Loosing its Shine.
"Don’t just create ideas, also make products here," she said. "Buying back technologies that we invented changed our surplus into deficit. We need to have a substantial fraction of technologies that are made in America."
Despite the stinging criticism, Hockfield praised Silicon Valley for being one of the industrial wonders of the world and integral to maintaining America’s innovation lead.
"It’s where big, new ideas get transformed into products that create new markets and put people to work," she said.