We are staged to have some real improvement, but that because I think “age of easy money” was the largest source of economic degeneration we’ve seen in human history. A subtle economic dark age where investments had no real world meaning, and a huge portion of human effort was put into huge ineffective orginazations that became more and more divorced from reality.
I think a lot of the “industrial policy” approach is well meaning too, but we have overcome the fact they are from the federal government (which is frankly bloated and poorly managed) and relearn some of our entrepreneurial skills.
People want things to get better and some people still think they can.
We are staged to have some real improvement, but that because I think “age of easy money” was the largest source of economic degeneration we’ve seen in human history. A subtle economic dark age where investments had no real world meaning, and a huge portion of human effort was put into huge ineffective orginazations that became more and more divorced from reality.
I think a lot of the “industrial policy” approach is well meaning too, but we have overcome the fact they are from the federal government (which is frankly bloated and poorly managed) and relearn some of our entrepreneurial skills.
People want things to get better and some people still think they can.