LAST TUESDAY a company in Cupertino, Calif., released its quarterly earnings report, and when trading resumed Wednesday it became the most valuable company in the world. With a market capitalization of $420 billion, Apple briefly overtook ExxonMobil for the top spot. Household names like Microsoft ($250 billion), GE ($200 billion), and GM ($40 billion) trailed far behind.
Apple should reaffirm for us that American innovation is alive and kicking. The look and feel — the very idea — of products like the iPod, iPad, and iPhone are as American as, well, apple pie. But if we want the next technological revolution to start here as well, politicians need to change their industrial-age view — and the stale rhetoric that has developed around it.