Last night’s episode of Shark Tank, an ABC television program that showcases aspiring entrepreneurs hoping to raise money from a small number of colorful successful entrepreneurs, featured a fascinating conversation about how to think about the importance of manufacturing goods in the U.S. vs. building viable American businesses. I was impressed by the intelligence and sensitivity with which the issues were handled.
Inventor Nationalism is what Donny is showing. If more of our inventors showed this, few American innovations would be made off shore. American Inventors are issued 60% of the patents world wide and are a tiny fraction of just 4.5% of the worlds population. That is an exceptional fact.
Hi, I am part of an American group that controls most of the American innovation we ship to our economic competitors. There are only about 400 of us, and most of us have no thought as to the consequences our actions exact from our fellow Citizens.
There are many times fewer Prolific Inventors than there are Venture Capitalists. By international patent law, the Inventor gets to choose, unless they give their rights away.
What the Shark Tank investors missed is that if Donny has a patent, his invention can only be made where he says. If manufacturing cost is an issue, try Mansfield, Ohio or any community that lost a GM or other auto plant.
To lean more, Google "Great Rescission? My Fault." and then "Locally Grown Power" to see a practical example of Inventor Nationalism at work.
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