Tuesday, February 3, 2009

The recession is dead

I posted this query on a reporter's source network this morning and received more than 60 responses ... and counting:

Inventors Digest, an international magazine celebrating the intersection of business and innovation, seeks to change the current dour economic narrative.

Like mushrooms in the dark, innovation tends to sprout during recessions.

We’re seeing it all around us – from the labs brewing diesel from algae, to the guys in the garage building new breeds of tidal turbines and more efficient combustion engines, to the woman in California making sex space suits (oh, and a new type of rocket technology).

History’s repeating itself. Innovation is brimming. So we’d like to skip the moping around part and move right on to kick-ass enterprising.

President Obama noted in his inaugural address that our products and services are needed as much today as they were last week, last month and last year, and that our freedom and prosperity rely on the risk-takers, the doers and the makers of things. Why, then, are we gazing at our collective navels?

We’re interested in interviewing professors, economists and business leaders for a story on economic optimism. We want to hear some hope. We want reaffirmation in our belief in compassionate capitalism. We want to bang the pots that this recession is a state of mind.

With apologies to John Lennon, recession is over if we want it.

1 comment:

Ron said...


You are on target. Here in Atlanta it started in June 2008 - an unexplainable surge in inventors tripping over each other to submit patent applications. It continued into the normally dead months of November and December and has yet to abate in 2009. It is counter-intuitive, but hard economic times is a catalyst for innovation. While others are hunkered down quivering and await for the news media to announce that it is safe to come out of the cave, visionary individuals are taking advantage of others being paralyzed and positioning themselves to create new industries.

Ron Reardon, Patents & More, Inc.