Derek Thompson, a journalist at The Atlantic, teams up with Eli Dourado, an economist at the Center for Growth and Opportunity. They dive into the challenges surrounding the diffusion of new ideas versus invention. Is it getting harder to find innovative concepts? They discuss how crises can catalyze effective implementation and the significance of navigating obstacles to scientific breakthroughs. Additionally, they analyze the importance of equitable development in technology and the need for innovative approaches to drug approvals.
The podcast highlights that while inventing new ideas is essential, effective implementation strategies and cultural shifts are crucial for actualizing progress.
The discussion emphasizes that crises can serve as catalysts for rapid innovation, revealing the need for proactive approaches in non-crisis scenarios to drive change.
Deep dives
The Challenge of Finding New Ideas
The podcast discusses the increasing difficulty of discovering new ideas and scientific breakthroughs, a phenomenon often attributed to the so-called 'knowledge burden.' For example, advancements in genetics now require extensive collaboration and complex studies, making it harder for individual researchers to make significant contributions. Eli Dorado suggests that this perception may stem from a narrow focus on economic models that primarily emphasize ideas as static entities rather than recognizing the dynamic and multifaceted nature of how these ideas are actually implemented. He emphasizes that broader cultural and bureaucratic factors are also at play, complicating the landscape for innovation and implementation.
Implementation Over Invention
A central argument made in the episode is that the story of progress should prioritize implementation rather than solely focusing on invention. The host reflects on the historical example of Edward Jenner's smallpox vaccine, which exemplifies that merely inventing a solution does not equate to widespread impact if it remains inaccessible to the majority. The discussion shifts towards how the United States, despite being proficient in innovating, struggles significantly with bringing those innovations to the masses, highlighting the critical need for effective implementation strategies. Dorado points out that a cultural shift is necessary to embrace the importance of transforming ideas into actions that benefit the broader population.
Regulatory and Cultural Barriers to Progress
The conversation addresses the regulatory landscape that has increasingly hindered the implementation of new technologies. Dorado mentions how the framework established in the 1960s and 1970s led to heightened scrutiny and localism, which, while born of necessity to address past injustices, now often manifests as obstacles to necessary developments. This creates a disconnect where beneficial projects can be blocked under the weight of procedural requirements, ultimately impeding transformative progress. The discussion urges a balance between necessary regulations and the urgent need to allow for innovation in a way that considers both environmental and social implications.
The Role of Crises in Accelerating Innovation
An intriguing point made is that crises often act as catalysts for rapid progress, exemplified through the achievements of Operation Warp Speed during the COVID-19 pandemic. This program managed to leverage existing mRNA technology to produce vaccines at unprecedented speeds, showcasing the potential for swift implementation in response to emergency situations. However, the podcast reflects on the irony that such rapid advancements may only emerge during crises, raising questions about the national capacity to invoke similar urgency for non-crisis situations, such as addressing chronic diseases or environmental issues. The necessity for proactive strategies rather than reactive ones comes to the forefront, emphasizing a need for politicians and policymakers to redefine crises to facilitate progress in various sectors.
IN THIS EPISODE: Journalist Derek Thompson and economist Eli Dourado investigate the bottlenecks standing in the way of the invention vs. the diffusion of ideas. They discuss whether new ideas are getting harder to find, how to get these new ideas to scale, and how a crisis can spur effective implementation.
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