--- description: The current state of global chaos may be our new normal. Also, stagnating business innovation, and letting kids take risks at play. title: These Are the Five Best Ideas of the Day image: https://static.time.com/v3/assets/bltea6093859af6183b/bltde093bcdab65f2d0/6988d9b9bc6cfc69913e2a3c/time-logo.jpg?branch=production --- * [Ideas](/section/ideas/) ## Ideas Update your preferences in [Account Settings](/account/preferences/) Close * [Innovation](/tag/innovation/) ## Innovation Update your preferences in [Account Settings](/account/preferences/) Close # Five Best Ideas of the Day: August 1 by [The Aspen Institute](/author/the-aspen-institute/) ## The Aspen Institute Update your preferences in [Account Settings](/account/preferences/) Close Aug 1, 2014 4:11 PM CUT by [The Aspen Institute](/author/the-aspen-institute/) ## The Aspen Institute Update your preferences in [Account Settings](/account/preferences/) Close Aug 1, 2014 4:11 PM CUT **1\.** [**The current state of global chaos might spell the end of America as the ‘indispensable nation.’**](http://www.latimes.com/opinion/op-ed/la-oe-mcmanus-column-foreign-policy-chaos-20140730-column.html "undefined") By Doyle McManus in the Los Angeles Times **2\.** [**There is no crisis of young adults returning home after college.**](http://thesocietypages.org/citings/2014/07/28/the-overblown-myth-of-the-boomerang-generation/ "undefined") By Amy August in the Society Pages **3\.** [**Overprotecting kids at play hinders their development, and parents should “lighten up.”**](http://www.thestar.com/life/health%5Fwellness/2014/07/29/risky%5Fplay%5Fand%5Fskinned%5Fknees%5Fare%5Fkey%5Fto%5Fhealthy%5Fchild%5Fdevelopment.html "undefined") By Andrea Gordon in the Toronto Star **4\.** [**The great stagnation: America is far less entrepreneurial than it was a decade ago; and that decline in innovation threatens our economic recovery.**](http://www.citylab.com/work/2014/07/the-troubling-decline-of-american-business-dynamism/375353/ "undefined") By Richard Florida in Citylab **5\.** [**Businesses can upend poverty with rapid innovation and unconventional thinking.**](http://www.huffingtonpost.com/bill-bynum/bringing-business-experti%5Fb%5F5639170.html "undefined") By Bill Bynum in the Huffington Post  [_The Aspen Institute_](http://www.aspeninstitute.org/ "undefined") _is an educational and policy studies organization based in Washington, D.C._ ```json [{"@context":"https://schema.org","@type":"OpinionNewsArticle","@id":"https://time.com/3069891/five-best-ideas-of-the-day-august-1/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3069891/five-best-ideas-of-the-day-august-1/"},"headline":"Five Best Ideas of the Day: August 1","datePublished":"2014-08-01T16:11:32.000Z","dateModified":"2026-05-11T04:43:07.282Z","description":"The current state of global chaos may be our new normal. Also, stagnating business innovation, and letting kids take risks at play.","url":"https://time.com/3069891/five-best-ideas-of-the-day-august-1/","keywords":["Innovation","Children","poverty","kids","Play","world affairs"],"thumbnailUrl":"","author":[{"@type":"Person","name":"The Aspen Institute","jobTitle":null,"url":"https://time.com/author/the-aspen-institute/"}],"articleSection":"Ideas","image":[],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/ideas/","name":"Ideas"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/innovation/","name":"Innovation"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/3069891/five-best-ideas-of-the-day-august-1/","name":"Five Best Ideas of the Day: August 1"}}]}] ```