Larry Summers
"The exponential improvement in the elements of computing is not about to run out of gas. We've got generations more of it to go. Geeks out there are going to take that computational power and that ocean of data and do things that astonish us."
Marc Andreessen is wrong, and it ties into his wrongness about Piketty. Technology can be a very good complement to labor, or a very good substitute for labor.
According to economist Lance Taylor and his colleagues, we're not yet talking about the kinds of major changes needed to keep us from becoming a Downton Abbey society.
WHAT'S HAPPENING
The primary challenge democracies face is neither military nor philosophical. Rather, for the first time since the Great Depression, many industrial democracies are failing to raise living standards and provide opportunities for social mobility to a large share of their people.
No one should be surprised that the American people are economically insecure and anxious. Seven in 10 voters said the nation's economy is in bad shape. Voters who said the economy was important to them voted 2 to 1 for Republicans.
I have attended and written about many conferences, and whatever the subject, they all seem to follow the same format -- speeches by famous coaches, former presidents and great athletes, all who have been paid enormous amounts of money for their time. I didn't realize an alternative existed until I attended The Nantucket Project