#1406 Dave Collum | The Economy Is Worse Than You Think
The Pomp Podcast
Tech Titans, Economic Shifts
The current economy is being shaped by modern tech companies like Facebook and Salesforce.com, which are viewed as essential despite their stark differences from traditional industries like steel and pharmaceuticals. This transition raises questions about the underlying rationality of replacing established giants with digital counterparts. There is a general sentiment that wealth creation is stagnating, as highlighted in Robert Gordon's book, which discusses pivotal innovations like the elevator that have significantly impacted American growth. The insights indicate a need to reevaluate how we assess value and progress in today's economy.
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