The Great Reset - The Atlantic (February 11, 2009) - 0 views
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What economic crises do is reset the conditions for technological innovation and consumption and demand.
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If you look at past crises—like the one in the late 19th century and the one that came with the Great Depression—they tended to last about 20 years from beginning to end. But most importantly, these are periods of great technological innovation, and they’re periods in which our economic geography gets completely and massively shifted.
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we really have to invest in the creativity of each and every individual
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Richard Florida, urban theorist and lead of the Martin Prosperity Institute housed at MaRS, wrote an article for The Atlantic and this his interview follow-up (web exclusive). He says that it's always been the economic upheavals that have caused the most innovation. Stop artificially supporting dead industries and let the innovative ones organically replace them.
