# Why America Leads the World in Innovation Page: https://stenobird.com/podcast/this-week-in-business-428702/why-america-leads-the-world-in-innovation Text version: https://stenobird.com/podcast/this-week-in-business-428702/why-america-leads-the-world-in-innovation.md Podcast: [This Week in Business](https://stenobird.com/podcast/this-week-in-business-428702) Published: 2026-07-03T09:30:00+00:00 Episode link: https://knowledge.wharton.upenn.edu/podcast/this-week-in-business/why-america-leads-the-world-in-innovation/ Audio file: https://sphinx.acast.com/p/open/s/5ab54c70bb6ddf45527e06b1/e/6a46fd210069388b7ae91ee0/media.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/this-week-in-business-428702/episodes/why-america-leads-the-world-in-innovation Duration seconds: 778 ## Resource Innovation isn’t just about breakthrough technologies. It’s about building the institutions that allow those breakthroughs to scale. David Hsu, Wharton Professor of Management, explores how the United States has repeatedly reinvented the way innovation works, from the patent system and Bell Labs to venture capital and today’s AI ecosystem. He explains why commercialization, institutional design, and effective regulation have been just as important as invention itself, and what lessons they offer for the future of artificial intelligence and entrepreneurship.   Hosted on Acast. See acast.com/privacy for more information. ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/this-week-in-business-428702/episodes/why-america-leads-the-world-in-innovation/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/this-week-in-business-428702/why-america-leads-the-world-in-innovation.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.