In the first post in this series I explained just how significant engineering is in today’s sluggish world economy, both in the developed world and developing world. In this post I will explain why investors are so reluctant to back engineering ventures.
Engineering performances are slipping, engineers are frustrated, business owners are even more frustrated and billions of people languish in misery because of engineering performance failures. These are not spectacular failures like Fukushima or Deepwater Horizon. Instead they are silent failures that have remained mostly out of sight, in many cases deliberately hidden by their owners.