It’s difficult to express how important and worthwhile analysis this is.
Chris Tolles points us to what I have to say is an absolute must read piece by Jim Manzi (who I haven’t always agreed with in the past), exploring the biggest challenge the US faces in going forward. It’s difficult to express how important and worthwhile analysis this is. I don’t agree with everything, but it frames the issues in ways that are incredibly helpful. There’s very little I disagree with in the first half, which highlights the basic struggle that the US faces in really clear terms: innovation is necessary for economic growth, and less government interference is key for the type of innovation we need. However, with such innovation comes social upheaval and disruption that creates a different set of problems that could be just as bad for the US:
First is the inherent conflict between the creative destruction involved in free-market capitalism and the innate human propensity to avoid risk and change. Second is ever-increasing international competition. And third is the growing disparity in behavioral norms and social conditions between the upper and lower income strata of American society.
These realities combine to form a daunting problem. And the task of resolving it turns out not, by and large, to be a matter of foreign policy. Rather, it compels us to consider how we balance economic dynamism and growth against the unity and stability of our society. After all, we must have continuous, rapid technological and business-model innovation to grow our economy fast enough to avoid losing power to those who do not share America’s values — and this innovation requires increasingly deregulated markets and fewer restrictions on behavior. But such deregulation would cause significant displacement and disruption that could seriously undermine America’s social cohesion — which is not only essential to a decent and just society, but also to producing the kind of skilled and responsible citizens that free markets ultimately require. Moreover, preserving the integrity of our social fabric by minimizing the divisions that can rend society often requires government policies — to reduce inequality or ensure access to jobs, education, housing, or health care — that can in turn undercut growth and prosperity. Neither innovation nor cohesion can do without the other, but neither, it seems, can avoid undermining the other.
There’s a lot in the piece that I wanted to quote, but you should just go read the whole thing yourself. Manzi basically points out the difficulty in pulling any of the levers: if you increase the pace of innovation, you also increase social upheaval at the lower end of the pyramid. But if you work to protect social upheaval, you decrease the pace of innovation, and in a global economy, that can actually lead to another set of problems that, in turn, also could result in serious problems for the economy.
It’s a really sobering picture that is inherently non-partisan, and highlights how the views and plans of both major political parties, when implemented by people who don’t understand these countervailing forces, is likely to make the overall situation worse, not better.
The Latest on: Innovation and social upheaval
via Google News
The Latest on: Innovation and social upheaval
- To Fight Online Disinformation, Reinvigorate Media Policy on June 13, 2019 at 9:48 am
The doctored video falsely depicting House Speaker Nancy Pelosi as ill or drunk spreading on social media is a wake-up call that ... In every period of communications and political upheaval, from the ... […]
- Opportunity And Ownership: Take Back Control By Giving It Away on June 12, 2019 at 5:02 am
Today we live in constant and accelerating change, political upheaval, social revolution and economic turmoil ... of microcultures and subcommunities -- self-directed pockets of innovation and idea ... […]
- This skincare ingredient is about to explode, according to an industry expert on June 11, 2019 at 11:56 pm
to the upheaval of the industry in terms of transparency, diversity, and inclusivity. Anders will be delivering a keynote speech at this year’s 2019 Vogue Codes Sydney Summit on the science of beauty, ... […]
- The IPO Market Has Been Bizarre This Year. Here’s Why. on June 8, 2019 at 5:00 am
“We only need a successful mega IPO or unicorn from the robust IPO pipeline for the fog of uncertainty to clear and global IPO markets to spring into bloom toward the second half of 2019,” wrote Alan ... […]
- ‘Innovation is the lifeblood of this company’: why Del Monte's CMO is heading up its R&D on May 28, 2019 at 2:03 am
with ad spend increases earmarked across social, influencer and digital, as well as broadcast and print. ‘Growers of Good’ was developed in partnership with Doner LA, the agency rostered with Del ... […]
- Upcoming Event: The Web Conference 2019 – Data Science for Social Good Workshop on May 13, 2019 at 5:00 pm
The need for social innovation is clear: From climate change to income inequality to geopolitical upheaval and terrorism, the difficulties confronting us are unprecedented not only in their variety ... […]
- Africa can leapfrog many phases of development with innovation – Osinbajo on April 11, 2019 at 1:58 pm
“The implications for social upheaval are clear; climate change poses special ... But these challenges have peaked at an auspicious time; a time when technology and innovation have begun to disrupt ... […]
- All In Your Head: Keeping Innovation Alive Within Yourself and Your Business on March 5, 2019 at 8:16 am
Why Innovation? Our business ecosystem today is a place of rapid change, upheaval, constant metamorphosis ... Visionary intelligence multiplied by emotional and social intelligence that will propel ... […]
- Opinion | Automation of services and social harmony on February 10, 2019 at 7:10 am
In his book, The Globotics Upheaval: Globalization ... There will still be jobs for humans: those requiring social intelligence, creativity, innovation, empathy, dealing with uncertainty, and managing ... […]
- Leaders Make Predictions For 2019 And Offer Advice On What To Do About Them on January 3, 2019 at 12:43 am
“We will see renewed calls for diversity and inclusion to be placed at the heart of corporate hiring strategies to aid social mobility and avoid further social upheaval,” state ... says Laura ... […]
via Bing News