Neal Stephenson On 'Innovation Starvation'

Geoffrey.landis writes "In an essay discussing the space program, author Neal Stephenson suggests that the decline of the space program 'might be symptomatic of a general failure of our society to get big things done.' He suggests that we may be suffering from innovation starvation: 'Innovation can't happen without accepting the risk that it might fail. The vast and radical innovations of the mid-20th century took place in a world that, in retrospect, looks insanely dangerous and unstable.'" Though the context is different, this reminds me of economist Tyler Cowen's premise that the U.S. has for decades been in a Great Stagnation.