Thursday, February 3, 2011
Where's Our Lost Economic Creativity?
Harold Meyerson, Washington PostWhat ails the economy, various wise men tell us, is that we're not innovating like we used to. Personal computers and the Internet may look like a big deal, but their impact on our lives - and incomes - pales alongside the effect that electric power, the automobile and the airplane had on our 20th-century forebears. Much as onetime California Angels manager Lefty Phillips said of some overhyped rookies, "Our phenoms ain't phenominating."
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