Harvard University economist Richard Freeman sees the silver lining in Global Warming - the chance for Americans to create the new technologies and new companies that will address the growing problems associated with climate change and environmental damage.
America is still the best in the world at high-tech entrepreneurship. Our culture has a tolerance for risk and failure, much more so than India or China and we have a culture of innovation and new venture creation.
A entrepreneur who recognizes an opportunity for a new product can mobilize capital and people resources faster in the U.S. than in any other country.
But if the American lacks sufficient technical expertise -- due to educational deficiencies - to even imagine how a new technology might solve an environmental issue, then no U.S. company is formed and the economic benefits are never realized.