Innovation and competition

theideafactory

The book The Idea Factory made me question what we know about innovation and the free market.

Conventional wisdom says that a free enterprise system that rewards innovators with market success is what drives innovation in this country. However, this was not the case at the fabled Bell Labs, where brilliant AT&T scientists brought forth a dizzying number of groundbreaking discoveries, one after another.
Continue reading

Why Generation Y Yuppies Are Unhappy | Wait But Why

This Huffington Post repost of a Wait But Why post draws an unflattering picture of Generation Y:

Say hi to Lucy.

Lucy is part of Generation Y, the generation born between the late 1970s and the mid 1990s. She’s also part of a yuppie culture that makes up a large portion of Gen Y.

I have a term for yuppies in the Gen Y age group — I call them Gen Y Protagonists — Special Yuppies, or GYPSYs. A GYPSY is a unique brand of yuppie, one who thinks they are the main character of a very special story.

So Lucy’s enjoying her GYPSY life, and she’s very pleased to be Lucy. Only issue is this one thing:Lucy’s kind of unhappy.

Continue reading