Edison patented his mimeograph on this date. There is much research today on bringing back the creativity of the Edison period of 1850 to 1920. Most are focusing on shortcomings in our education system and lack of critical thinking today, but few look to the structural and infrastructure of our society. Edison often spent months researching the potential economic gains of an invention before launching a research project. Financial rewards drive invention, and taxes are a deterrent. Capital gain taxes are also a deterrent. Capitalism is the driver of invention. Edison like Westinghouse, Bell, Bessemer, and others of the period were driven by the rewards of inventing. Another problem is declining corporate income as imports flood in. Companies are not willing to invest in long run research as they struggle in declining markets. The great Republican tariffs of the 1800s assured a future market for glass, steel, electrical, and manufacturing in the 1800s, allowing companies invest confidently in the future.
A Manufacturing Manifesto ISBN 978-0741453310 go to Amazon --also search “skrabec” on Amazon
No comments:
Post a Comment