These headwinds are making it virtually impossible for our best ’n’
brightest innovation and technology geniuses to save America from
becoming a second-rate superpower trapped in a no-growth economy.
OK, so you don’t believe it? You’re a Silicon Valley superoptimist? Got
lots of tech stocks? Believe technology is already building a new world?
Saving the future? You’re convinced our best ’n’ brightest innovators,
entrepreneurs and capitalists will save us, the whole world,
civilization, the planet?
Wrong. High-tech solutions cannot and will not prevent America’s
economic growth’s collapsing from an average of greater than 2% GDP
growth beginning in 1750, with the Industrial Revolution, but ending a
generation ago. America’s GDP is already collapsing. Now, growth is a
weak 1.8% on average. Worse, America’s GDP is predicted to sink much
further — down near the no-growth 0.2% GDP common on the planet for the
years and centuries prior to 1750. Read more...
