Commentary: Revive America’s innovation economy before it’s too late

For decades, the United States has been the world leader in innovation. Generations of business, political and educational leaders evolved a balanced system of public-private partnerships, deep science funding and support for small and emerging businesses. All Americans had a hand in creating a culture that celebrates a unique level of risk-taking and free inquiry.

This system mostly functions unnoticed, but we all benefit from it. Innovation and entrepreneurship are critical to the U.S. economy. These twin engines create jobs and raise our standard of living.