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Is America Really Running Out of Original Ideas?
Valuable new ideas have become quite scarce, and so the small number of people who hold the rights to new ideas—whether it be the useful Facebook or the more dubious forms of mortgage-backed securities—earned higher relative returns than in earlier periods. The “rise in income inequality” and the “slowdown in ideas production” are two ways of descr
... See moreTyler Cowen • The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better: A Penguin eSpecial from Dutton
While we drown in innovation, we starve for introspection, the one quality that might allow us to truly see where we have been, where we are going, and what we must do to earn the trust of the investors.
John C. Bogle • Enough: True Measures of Money, Business, and Life
Altogether, America has too much venting and not enough inventing.
The Atlantic • A Simple Plan to Solve All of America’s Problems
Ideas aren’t getting harder to find and anyone who tells you otherwise is a coward and I will fight them
Adam Mastroianniexperimentalhistory.substack.com
Which is all to say: there is always something a little, well, dangerous, about the concept of originality: a danger that has been elided by our contemporary startup-statured culture, which holds as gospel that imitation is for normies, and innovation for the kind of geniuses most people now secretly believe themselves to be.
Tara Isabella Burton • Original Sin—A Theological Reading of Innovation
The thing that at the time was on many of my colleagues’ minds as a new kind of inquiry—the kind of fashionable kick that so often appears to stimulate our intellectual life—was technological innovation, what Schumpeter called “the gale of creative destruction,” or, more simply, what happens when you change the machinery.