Superstars or Black Holes: Are Tech Clusters Causing Stagnation? - American Affairs Journal
americanaffairsjournal.org
In 2011, the economist Tyler Cowen published The Great Stagnation, a short treatise with a provocative hypothesis. Cowen challenged his audience to look beyond the gleam of the internet and personal compu­ting, arguing that these innovations masked a more troubling reality. Cowen contended that, since the 1970s, there has been a marked stagna­tion in critical…

cross-posted from: https://hexbear.net/post/1958803

The article argues that some federal government intervention earlier during WWII jump-started the tech innovations we saw from the 1950s to 1970s.

It also talks about how the Internet seems to be the only really new game-changing innovation since the 80s and seeks to explain why this is the case.

Among other things, of course, such as the nature of “tech clusters” such as Silicon Valley and Austin, Texas.