eric schmidt, the head of the u.s. military's crack team of innovators, dr. regina dugan, author steven johnson, economist paul romer, len baker and innovation maven john kao. >> problems are much more serious than most people realize and the consequences are more grave than most people realize. >> but let's get started by first understanding innovation and watching the effect it has had on societies over the last centuries. >>> so, why does innovation matter? helping explain it all for us today is a man who studied innovation from top to bottom, steven johnson. johnson is the author of a terrific book "where good ideas come from: the natural history of innovation" and he'll show us the impact of innovation over time. >> thanks. let's start with a long view that shows just how dramatic the change inaugurated by the modern revolution in innovation has been. this is a charted of global gdp over the last 1,000 years, which is basically the kind of best way to measure the increase in value from new products and services created in a society. so, if we start the clock here at the year 1,000 n the middle of the dark ages and look at