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High Moral Values and Innovation

In 1959 Nils Bohlin, an engineer at the Swedish Car Manufacturer Volvo, invented the first three point safety belt. It was much more effective than the standard lap belt (as still used on airplanes). Volvo, realising the importance of this invention, chose not to patent it but to share the idea with other vehicle manufacturers. They may have lost some revenues but their action undoubtedly saved many lives and it cemented Volvo’s reputation as a highly ethical company committed to safety.

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Triumph of the Innovation Economy – Part 6

Over the last two and half centuries, innovation has changed human life more dramatically than in all of the previous millennia. But some are now asking if the world’s great innovation engine has broken down. Has America lost its innovation power?

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