The James Altucher Show
Ep. 282 - Tyler Cowen: What the Future Holds: Stagnation or Innovation?
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 1:15:49
- More information
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Synopsis
We've become too comfortable. We're innovating less and watching Netflix more. When I think of a "complacent class," (a group of people who don't care to move forward or move at all), I think of this: Americans soaking high wages off the backs of more aggressive global economies. I picture us eating delivered food, never moving, only using the remote. And having drones deliver everything we need. I had to ask Tyler Cowen about this. He's a personal computer that's going to answer all my economic questions. He knows all about the "complacent class." Because he wrote the book on it. It's called, "The Complacent Class: The Self-Defeating Quest for the American Dream". "Look at it this way," he said. "We've had these incredible advances in the late 19th and early 20th centuries. We take fossil fuels and powerful machines and combine them to do everything you can imagine (cars, airplanes, electricity, radios, televisions). We've had incredible booms spread to the middle class. Spread to the poor. We've done that.