Saturday, July 13, 2013

Worth Repeating: Robert Gordon

Video:


The Death of Innovation, The End of Growth: The US economy has been expanding wildly for two centuries. Are we witnessing the end of growth? Economist Robert Gordon lays out 4 reasons US growth may be slowing, detailing factors like epidemic debt and growing inequality, which could move the US into a period of stasis we can't innovate our way out of. More (including a counter-prediction) on TED.com...

Why I'm Posting: Scary prediction. And yet I've seen this in several smaller microcosms. I think the commenters are right when they point to the lack of grand ambition in favor of quick profits. Or of having to pay for and maintain legacy, draining away any opportunities for boldness and new ventures.
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