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Lamentations that the waves of innovation are receding have engulfed policy circles. Distinguished economist Robert Gordon avers that the days of transformative innovations are over. Like Peter Thiel, he is disappointed at the incremental nature of modern-day inventions. The declinist thesis is predicated on the assumption that groundbreaking innovations like the steam engine, electricity, and the telephone are becoming exceedingly rare. Educing evidence to prove this observation has been quite easy, but we are less astute at understanding why innovation is declining.
Article by Lipton Matthews from Mises.
In his 2012 paper titled “Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds,” Gordon submits that dwindling rates of educational attainment complemented by reductions in labor force participation portends doom for the future of US innovation. Educational attainment supplements economic growth and innovative activities, so Gordon is right to express concern. Yet researchers find that during the Industrial Revolution, literacy and schooling failed to exert a significant impact on economic growth.
Increasing educational attainment ensures that workers are positioned to employ sophisticated technologies. Indeed, education can indirectly nurture innovation by exposing citizens to divergent ways of thinking, thereby resulting in new products and services. Currently, highly successful countries like Singapore, Finland, and Canada possess educated citizens, though there are outliers like Japan and Russia with unimpressive records. However, the slump exhibited by these countries does not undercut the theory that there is a link between educational attainment and economic growth. The sluggish conduct of Japan and Russia is attributable to regulatory burdens, excess corruption in the latter, and a host of other structural hurdles. The capacity of an educated population to unlock growth is hinged on a panoply of variables ranging from institutional quality to culture.
However, the evidence revealing that Britain produced pathbreaking innovations in an era when most people were uneducated contradicts the proposition that widespread educational attainment is necessary for innovation and growth. In reality, during the industrial era in Britain and Europe more broadly innovations were determined by the prowess of upper tail human capital. This label describes highly intelligent people who demonstrate the competence to innovate.
Gordon’s measurements to gauge the likelihood of innovation are inadequate. Essentially, innovations reflect the priorities and aptitude of the cognitive elite. Research estimates that the smart fraction is mainly responsible for the majority of revolutionary developments in business and science. Evaluating the impact of the different classes on development, scholars observe that the smart fraction is crucial to progress: “The intellectual class has the greatest impact on economic growth followed by average ability citizens and the non-intellectual class in that order…. The impact of the intellectual class on technological progress is exceptionally more significant than even the number of professional researchers engaged in R&D activities, with average ability citizens and the non-intellectual class not significant.”
A perfect example is that during the Industrial Revolution, inventors scored highly on cognitive ability measured by the influence of their inventions, even though many lacked formal education. Moreover, a better illustration is the case of Steve Jobs, who started a superstar firm despite lacking IT credentials. Gordon’s perception that innovation is diminishing is accurate, but a concrete picture is absent in his analysis, because he is approaching the issue from the wrong angle.
Some attribute the decline in innovation to subpar levels of R&D productivity and others surmise that as a consequence innovations are getting harder to materialize. Undeniably, low productivity can impede the rate of innovation, but to ascertain the true state of innovation, researchers should study the pursuits of the smart fraction. WhatsApp, Twitter, and Facebook were created by cognitive elites. Though disruptive technologies, these are more reflective of lifestyle innovations than revolutionary inventions. These platforms have altered the political landscape; however, most people can easily get by without social media.
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The ascent of social media illuminates the passion of cognitive elites. Cognitive elites recognize that to achieve stratospheric success in the present economy they must exploit the attention economy. Entrepreneurs adept at captivating the audience will maintain an elevated status, and as such, exceptionally brilliant people created platforms to indulge the desires of the attention economy. Therefore, a possible explanation for the innovation drought could be as a result of the smartest people diverting their energies to the lifestyle sector, instead of investing in the hard sciences.
Unleashing breakthroughs in the hard sciences demands greater cognitive efforts than creating the next popular app or social media platform. Hence due to the potential for easier rewards in lifestyle sectors, cognitive elites are motivated to pursue social ventures. Researchers should explore the proclivities of the smart fraction to shed light on the declining rate of innovation. Zoltan Acs also echoed this sentiment in a recent interview when he noted that for innovation, only exceptional people matter, since they are responsible for designing the future. Researchers are correct to note the rarity of groundbreaking innovations, but their analyses are inaccurate. The answer is that the character of innovation is changing because cognitive elites have acquired different interests.
Image via Pxfuel.
Too Few Are Telling the Truth
Not long ago, conservative media was not beholden to anyone. Today, most sites are stuck on the Big Tech gravy train.
I’ll keep this short. The rise of Pandemic Panic Theater, massive voter fraud, and other “taboo” topics have neutered a majority of conservative news sites. You’ll notice they are very careful about what topics they tackle. Sure, they’ll attack Critical Race Theory, Antifa, and the Biden-Harris regime, but you won’t see them going after George Soros, Bill Gates, the World Economic Forum, or the Deep State, among others.
The reason is simple. They are beholden to Big Tech, and Big Tech doesn’t allow certain topics to be discussed or they’ll cut you off. Far too many conservative news outlets rely on Google, Facebook, and Twitter for the bulk of their traffic. They depend on big checks from Google ads to keep the sites running. I don’t necessarily hold it against them. We all do what we need to do to survive. I just wish more would do like we have, which is to cut out Big Tech altogether.
We don’t get Google checks. We don’t have Facebook or Twitter buttons on our stories. We don’t have a YouTube Channel (banned), and Instagram profile (never made one), or a TikTok (no thanks, CCO). We’re not perfect, but we’re doing everything we can to not owe anything to anyone… other than our readers. We owe YOU the truth. We owe YOU the facts that others won’t reveal about topics that others won’t tackle. And we owe America, this great land that allows us to take hold of these opportunities.
Like I said, I don’t hold other conservative sites under too much scrutiny over their choices. It’s easy for people to point fingers when we’re not the ones paying their bills or supporting their families. I just wish there were more who would break away. Today, only a handful of other major conservative news outlets have broken away from the Big Tech teat. Of course, we need help.
The best way you can help us grow and continue to bring proper news and opinions to the people is by donating. We appreciate everything, whether a dollar or $10,000. Anything brings us closer to a point of stability when we can hire writers, editors, and support staff to make the America First message louder. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal or Bitcoin as well. Bitcoin: 3A1ELVhGgrwrypwTJhPwnaTVGmuqyQrMB8
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Our network is currently comprised of nine sites:
- NOQ Report
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- Freedom First Network
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We are also building partnerships with great conservative sites like The Liberty Daily and The Epoch Times to advance the message as loudly as possible, and we’re always looking for others with which to partner.
Also, we could use contributions of content. If you write or want to start writing and you share our patriotic, conservative, America First ideology, contact us. The contact form on this and all pages on the site goes directly to me.
Some of our content is spread across multiple sites. Other pieces of content are unique. We write most of what we post but we also draw from those willing to allow us to share their quality articles, videos, and podcasts. We collect the best content from fellow conservative sites that give us permission to republish them. We’re not ego-driven; I’d much rather post a properly attributed story written by experts like Dr. Joseph Mercola or Natural News than rewrite it like so many outlets like to do. We’re not here to take credit. We’re here to spread the truth.
While donations are the best way to help, you can also support us by buying through our sponsors:
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We know we could make a lot more money if we sold out like so many “conservative” publications out there. You won’t find Google ads on our site for a reason. Yes, they’re lucrative, but I don’t like getting paid by minions of Satan (I don’t like Google very much if you couldn’t tell).
Time is short. As the world spirals towards The Great Reset, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report and the other sites in the network going. Our promise is this: We will never sell out America. If that means we’re going to struggle for a while or even indefinitely, so be it. Integrity first. Truth first. America first.
Thank you and God Bless,
JD Rucker
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Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We just launched a new GiveSendGo page. We also have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker
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