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"The real question is how do we keep the good parts of innovation without being stuck with the bad," Rajan says.
But another cost has been the damage done to the whole notion of financial innovation.
And it would follow that bringing in new entrants to the market and giving them autonomy over staff terms and conditions will banish this inertia and innovation will flow.
The innovation and investment system locks business investment at the bottom of the international league table.
It is up to us to explain how global change can be harnessed, how we in Britain can use our strengths – our universities, industry and innovation, our diverse population, our global alliances (especially the EU) – to make life here better.
"Investments in hard and soft technologies are fuelling a virtuous cycle by supplying cities with yet more new talent and consolidating their place as hubs of innovation and connectivity.
He employed in-store "greeters" – another innovation – for new customers and generally made the new-world consumer dream real for Canadians, and in the process helped turn Toronto into the powerhouse of immigrant-driven commerce it became.
This is what a low-carbon transition means for the world, and it could unleash a period of innovation and creativity that would drive prosperity and growth in rich and poor countries alike.
According to Neil Crockett, chief executive at the national Digital Catapult, the seaside city is the poster child for the campaign because the whole community is involved in digital innovation.
We know from the same countries that low levels of inequality, high levels of redistributive taxation and of public provision are associated with high levels of innovation and other indicators of economic success.
The technology industry loathes regulation, in part because of the knowledge that government interference can stifle innovation and the speed to market.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com