Innovation

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. As innovation creates not only new products but new companies, and whole new industries. It creates wealth; wealth that is ultimately distributed all through an economy. The more freedom, the more ideas, the more innovation which creates dynamic economic growth. 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.

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.

Innovation has also been a big part of the Republican Party. For instance:

• President Abraham Lincoln helped develop the first transcontinental railroad system.
• President Hoover helped in the early development of radio broadcasting,
• President Coolidge created our national airways system
• President Dwight D. Eisenhower started NASA and DARPA
• President Richard Nixon launched the cable television industry from deregulation.
• President Ronald Reagan created GPS to be available for civilian use and greatly expanded science research