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Incentives for Innovation Will Eventually Defeat COVID-19

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www.rationaloptimist.com
rationaloptimist.comrationaloptimist.com:

My article for the Inside Sources network: It will be an innovation that eventually defeats the virus: a new vaccine, a new antiviral drug — or a new app to help us avoid contact with infected individuals.So the one thing the world needs more than anything else is an incentive to innovate.

Here’s an idea for how to do so.The problem is that innovation is an uncertain, unpredictable process. I argue in my new book How Innovation Works that you can rarely summon an innovation to order when you need one.We would love to have flying cars that run on water, or cheap ways to suck carbon dioxide out of the air, but necessity is not the mother of invention after all.Take vaccines.

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