Social innovation and the challenge of democracy in Europe
The hype surrounding the innovation society obscures crucial issues of politics and power…The hype around the “Innovation Society” also obscures the fact that innovation processes bring about cascades of changes that are unpredictable, and may produce toxic side-effects. Just think about the growth of new kinds of financial instruments which exploded in the sub-prime mortgage disaster, triggering the financial and economic crises that have dragged on since 2008. Market-driven cascades of innovation have also contributed to global warming and obesity epidemics in the industrialized world. Not everything that’s innovative is valuable or effective.
