In order to provide a little balance and optimism I came across this story in the WSJ titled The Coming Tech-led Boom by a physicist and dean of an engineering school. As I pointed out in a previous post we have to remember that even in the darkest or most frustrating times there are still opportunities to be had here in the US.
I’ve heard the phrase that “it is always morning in America” which to me means that the sun will always come up tomorrow and that we have the chance or ability to make the day whatever it is that we would like it to be. In essence there is always room for hope.
Via the WSJ
- In January 2012, we sit again on the cusp of three grand technological transformations with the potential to rival that of the past century. All find their epicenters in America: big data, smart manufacturing and the wireless revolution.
- Few deny that technology fuels economic growth as well as both social and lifestyle progress, the latter largely seen in health and environmental metrics. But consider three features that most define America, and that are essential for unleashing the promises of technological change: our youthful demographics, dynamic culture and diverse educational system.
- What should our politicians do to help usher in this new era of entrepreneurial growth? Liquid financial markets, sensible tax and immigration policy, and balanced regulations will allow the next boom to flourish. But the essential fuel is innovation. The promise resides in the tectonic technological shifts under way.
- America's success isn't preordained. But the technological innovations circa 2012 are profound. They will engender sweeping changes to our society and our economy. All the forces are in place. It's just a matter of when.
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