Robert Gordon: The death of innovation, The art of innovation | Guy Kawasaki | TEDxBerkeley 6 months ago   12:15

The US economy has been expanding wildly for two centuries. Are we witnessing the end of growth? Economist Robert Gordon lays out 4 reasons US growth may be slowing, detailing factors like epidemic debt and growing inequality, which could move the US into a period of stasis we can't innovate our way out of. Be sure to watch the opposing viewpoint from Erik Brynjolfsson.

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Comments 632 Comments

His textbook Macro-Economics introduced me to economics. He's brilliant
Other problems: lack of petrol and other ressources, religions...
Gordon touched briefly on debt... But if standard of living is what we are striving for, he under-stated the harm that debt (credit) has caused us. Having available dollars lets us spend more than we have at the moment, which creates demand- and causes inflation. Look at college tuition after government guaranteed student loans. A student now can be $200,000 in debt after a 4 year degree, yet has no guarantee of a job, let alone one that can afford to pay back the loan! As we now have 6 and 7 year car loans, autos average $40,000 while salaries average $50,000. This is nuts folks. While innovation is important, we need to eliminate debt and cap credit so that prices remain stable so we can possibly catch up within a generation or two.... And I didn't even throw in government debt, now $21 Trillion.
This is like saying "all the best inventions have already been made". Lacks vision!
Why is the mention of Tesla's name taboo?
I would say Adolph Hitler and the Germans invented the modern life in America and all the world. We are living the German WWII life in America. All nations adopted this way of life. Not much has changed since Adolph Hitler was man of the year on Time Magazine in 1939 having accomplished the German miracle, a booming economy. Look what happened next. Modern life.
The issue is real growth and fake growth. Real growth is getting running water and it only happens once. Fake growth is watching different fake television shows every night but it's all fake news, incomplete news, no real benefit, no real growth, just fake growth. Liberals want unlimited fake growth known as social justice, change for the sake of change. Conservatives are sick of the fake television, fake news, fake quotas, fake internet, fake cities, fake politics, fake choices, all fake, fake, fake. Nature is real. Cities are fake, with fake lives. Gordon is right, the modern life is invented. From here on in it's man made fake news. CNN really is fake news, as well as all news. Fake life is tragically boring for our children who yearn for real life. Ignorant, child like, uninformed, fake people think the fake life, University life, social justice fake life, is great, awesome life. Not really. It's fake.
AW Crowe
the changes now are incremental. What is the next electricity? Something that fundamentally changes how we live... AI or transhumanism?
ConMag New
That's a whole lot of nothingness in this talk. A whole lot of anecdotes without conclusion. A bit of theories here and there without corroboration. But then again he's an economist, what you do expect anyway.
Christina Emanis
A wake up to everyone. We will not be able to fund what our parents have been able to enjoy. We need a commitment to innovation not entertainment and more Kardashian nonsense. Debt is real. Money is only an exchange of labor hours or product. Debt means you owe someone else. Online school still is a cost and I am back to school as a fifty year old since my field did not pay well enough after my very expensive degree that I paid off with my own blood, sweat and tears. To pay off my school debt, I said "no" to a lot of extras in my life to accomplish it.
Just like US took over UK in growth a century ago, some other country will overtake US, maybe China or India.
This was interesting...and I think he brings up some good points, on debt.. inflation. And as much as I'd like to go "he's wrong" because its really depressing..

If you look at the economic gap, how the middle class has gotten wiped out, and the rich are getting more wealthy and the working poor are kind of staying the same... *Sighs*
Abdelaziz Remmal
En français SVP si possible
Steven Sarens
His 'Macroeconomics' is to me the best text book on the subject. Thanks, Gordon.
Daryl Brown
If debt is one of the leading causes of "the death of innovation" the Federal government should have a "bail out" for us - just pay our debt for like they did for the Banks. We could keep our money in other countries' banks tax free too. They can give the money used to build Solar Sites to our schools, and give those F1 Visas to our students. That would solve the "lack of education" problem.
There is no shortage of innovation here. The fundamentals of successful innovation is forward thinking, realistic assessment of potential markets and willingness to take on risk.
World View
Even Adam Smith said that there is correlation between demographics and economic growth. If you found any place on earth where there's is real optimistic realistic future of economic growth you have to go to some Sub Saharan African countries (Kenya, Ghana, etc) or China and other Asian countries. The grim reality for US, Europe and other traditional OECD countries is stagnation or very very slow growth.
Combinatorial innovation?
This guy does not know as much as Andrew McAfee or Erik Brynjolfsson. He sees some of the same problems, but not the same causes or solutions.
Qianyu Huang
0:36 翻译写错了, 是80%的音速飞行.
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The art of innovation | Guy Kawasaki | TEDxBerkeley Robert Gordon: The death of innovation, 6 months ago   21:16

Guy Kawasaki at TEDxBerkeley 2014: "Rethink. Redefine. Recreate." His talk is titled "The Art of Innovation."

Guy Kawasaki is a special advisor to the Motorola business unit of Google. He is also the author of APE, What the Plus!, Enchantment, and nine other books. Previously, he was the chief evangelist of Apple. Kawasaki has a BA from Stanford University and an MBA from UCLA as well as an honorary doctorate from Babson College.

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