Scared of Innovation

The former chief technology officer of Cisco Systems, Judy Estrin, is worried about the state of innovation in the United States. According to the New York Times, Estrin says that the lag in innovation is due to a focus on short-term thinking and not taking risks, mainly due to a lack of federal and university funding, cautious venture capitalists, as well as regulations discouraging the growth of start-up companies. Her new book is called Closing the Innovation Gap.