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'''Innovation''' is the use of [[creativity]] and [[imagination]] to create a new form or method.  

'''Innovation''' is the use of [[creativity]] and [[imagination]] to create a new form or method.  

Innovation is what drives capitalism. Capitalism allows entrepreneurs with great ideas to innovate their ideas and to test them in the marketplace. <ref>https://www.prageru.com/video/why-you-love-capitalism/</ref> As innovation creates not only new products but new companies, whole new industries and wealth. Wealth which is ultimately distributed all through an economy. The more freedom, the more ideas, the more innovation which creates dynamic economic growth. <ref>https://www.prageru.com/video/what-creates-wealth/</ref>

Innovation is what drives capitalism. Capitalism allows entrepreneurs with great ideas to innovate their ideas and to test them in the marketplace. <ref>https://www.prageru.com/video/why-you-love-capitalism/</ref> As innovation creates not only new products but new companies, whole new industries and wealth. Wealth which is ultimately distributed all through an economy. The more freedom, the more ideas, the more innovation which creates dynamic economic growth. <ref>https://www.prageru.com/video/what-creates-wealth/</ref>

Economist Adam Thierer explains that the internet was able to develop in a world that embraced what he calls "permissionless innovation”. While Big Government, on the other hand, does not innovate, because unlike private business they do not have to satisfy its customers to grow or survive. <ref>https://www.prageru.com/video/why-you-love-capitalism/</ref>

Economist Adam Thierer explains that the internet was able to develop in a world that embraced what he calls "permissionless innovation”. While Big Government, on the other hand, does not innovate, because unlike private business they do not have to satisfy its customers to grow or survive. <ref>https://www.prageru.com/video/why-you-love-capitalism/</ref> Besides the government hindering innovation there is another problem. Economies today lack the spirit of innovation with the downfall of the teaching of the [[humanities]], as the market needs the skills of the ability to think imaginatively, develop creative solutions to complex challenges and adapt to changing circumstances as well as new constraints. <ref>https://www.weforum.org/agenda/2014/09/stem-education-humanities-creativity-innovation/</ref>

Innovation is also good for the environment. By encouraging innovation and protecting property rights we can protect the environment. As this leads to safer, more efficient power such as nuclear, geothermal, biomass or anything that generates energy at a price consumers want and can afford to pay. Thus innovation produces abundant, clean energy at a fair price without infringing on [[freedom]]. <ref>https://www.prageru.com/video/conservatives-are-the-real-environmentalists/</ref>

Innovation is also good for the environment. By encouraging innovation and protecting property rights we can protect the environment. As this leads to safer, more efficient power such as nuclear, geothermal, biomass or anything that generates energy at a price consumers want and can afford to pay. Thus innovation produces abundant, clean energy at a fair price without infringing on [[freedom]]. <ref>https://www.prageru.com/video/conservatives-are-the-real-environmentalists/</ref>