Despite being world-renowned academics, they continue to confuse science and research with innovation. Innovation is about economic use of science and research, and universities are not the ones that are extracting economic value from the research. Firms are doing that.
They talk a lot about talent and talent creation, but that is just the starting point. There need to be organizations and firms that receive that talent, generate intellectual property, commercialize it and make money globally from that spot. To say that everything is working is not accurate.