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Long Reads: Aaron Benanav on Automation and the Long Downturn

Jacobin Radio

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The Secular Stagnation Theory Is Wrong

In 2013, Robert Gordon argued that declining growth rates were connected to a lack of technological innovation. Larry Summers: There are four headwinds that are just hitting the American economy in the face. They're demographics, education, debt, and inequality. So we need a lot of innovation to offset this decline.

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