The Power State Theory - Next Wave by David Bromberg
blog.dbromberg.com · 1,875 words · saved by 1 readers
What happened in 1971 and how we can fix it today
Every economics textbook tells the same story: Our era is defined by the triumph of information technology and ideas over physical constraints. The shift from manufacturing to services represents inevitable progress, they say. America evolved beyond the industrial age. But what if this entire narrative is backwards? In 1971, something broke in America. Real wages peaked and never recovered. Manufacturing began its steady decline. Infrastructure investment collapsed. While many blame the abandonment of the gold standard, there was a far more consequential shift: America began rationing…
related reading
- Home | Levers for Progressleversforprogress.com
- How Technology Grows (a Restatement of Definite Optimism)danwang.co
- Works in Progress Magazineworksinprogress.co
- Stripe Press — Ideas for progresspress.stripe.com
- Progress Studies reading list — Daniel Maydanielmamay.github.io
- General Laws of the Rise of Great Powers | China Open Source Observatorychinaopensourceobservatory.org
- Book Review: "Power and Progress"noahpinion.blog
- Works in Progress Magazineworksinprogress.co
- America Will Keep Succeeding - Inverteum Capitalblog.inverteum.com
- 💥 Tyler Cowen on the state of the Great Stagnation, pro-progress policy, metascience, and more!fasterplease.substack.com
- Productivity paradox - Wikipediaen.wikipedia.org
- Three threats to the age of energy abundancenoahpinion.blog