Innovation and success must remain our economic foundation

If there is one word that could sum up the current political climate, it is frustration. And that frustration takes many forms.

There are, understandably, many Americans who feel frustrated about being left behind in the internet era, and fearful of being swamped by waves of emerging technologies.

But we also have many old-economy companies and bureaucrats who view new-economy businesses as a threat to their decades-long dominance of certain markets. And these legacy companies are doing everything they can to protect their privileged position in established markets.

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