Friday, July 26, 2013

Robert Gordon: The death of innovation, the end of growth

He concludes his talk with the challenge, can we match the achievements of the past?  I say yes.  The problem is not because it is technically difficult.  The problem is between our ears.  There is a substantial resistance to change.  The Industrial Revolution imposed radical change upon the population.  This was not always received with gladness.

There's no technical reason why we can't improve our standard of living.  It is totally up to ourselves if we want to or not.

One thing is certain to me.  China is very determined to do just that.  I think they will succeed.  Whether or not we will succeed is a matter yet to be determined.

Update:

Background information that led to this post here.  H/T  Instapundit.



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