Democracy and Innovation
Interesting responses from China to the death of Steve Jobs.
“One of the most popular postings on Mr. Jobs’s legacy came from scholar Wu Jiaxiang.
‘If Apple is a fruit on a tree, its branches are the freedom to think and create, and its root is constitutional democracy,’ he wrote. ‘An authoritarian nation may be able to build huge projects collectively but will never be able to produce science and technology giants.’
On that, Wang Ran, founder of a boutique investment bank eCapital, added, “And its trunk is a society whose legal system acknowledges the value of intellectual property.'”