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The resulting dearth of indigenous innovation — unremitting save for the Internet build-out — is widely blamed on pathologies in policymaking and institutions. Historians have laid Britainテ「ツツ冱 decline to rationalization, cartelization and the closed shop — policies sustaining old products and impeding new ones. In France and Italy, entrepreneurs lay the decline to fiscal and regulatory practices — policies discouraging small firms from innovating by imposing tougher employment rules and heavier tax rates if they become medium-size. In America, the success of firms and whole industries hinges on intensive lobbying rather than intensive innovation. In America and Europe, much of a legislatureテ「ツツ冱 focus is on sparing politically favored corporations and cities from the impact of its own legislation and singling them out for pork barrel projects, assistance and loans.
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