When recovery comes, the conversation that will ensue will be about world economic powers. Will the United States emerge stronger than ever? Will the whole world limp ahead? Will China and India take a great leap forward?
I do not know the answers to these questions, but if policy actions are taken quickly and effectively I like our chances. Health care reform, energy reform, education reform, and better tax policy could unleash a post crisis boom if they are done well.
We already have the human infrastructure (link is to a Richard Florida piece) to tackle such challenges, but we need better infrastructure in those other areas before consequential progress is possible.
No comments:
Post a Comment