X Prize

Think about the innovation happening digitally.  It outpaces itself.  The technology in your iPhone is already surpassed.  Apple vs. PC or a million basement developers push the envelope on what can/could be created.

How does this type of industry progression happen while others remain stagnant?

It's argued that this type of innovation doesn't take place in certain industries based on the maturity maturity of the market.  Why don't we blow the top of this?

X Prize, founded by Peter Diammandis, is not a new idea.  Peter looked around and said, "We can do better.  I believe we can do better and I will pay someone to show me better."

It exercises the idea that competition will fuel innovation.

Why doesn't the government employ this tactic to spur commercial evolution?  With the economic crisis and tanking industries, instead of hand-outs, what about incentives?

I feel that too often 90 percent of the thinking is done by 10 percent of the people.

If you follow the link above, you can read about a $10 million dollar X Prize for designing a viable, clean and uber-efficient automobile that the general public can afford and will buy.

What if we had $700 billion dollars to to stimulate industries and save the economy?

We do.  We've paid for it - let's make the most of it.

Need something that motivates brilliant, radical thinkers - not something that rewards failing business systems.

Let's employ everyone, not someone.