Is manufacturing dying? Some would say yes- its already dead with a hearty 'good riddance' slipped in at the end. Others may cling to the view that it is not dead, it is only undergoing transformation and upheaval that will soon bring us clawing back to the foot of their radiantly burning phoenix. Whatever side you fall in I think it would be safe to say that we can all agree it is not what it once was. But, is the self proclaimed 'New' economy fairing much better? With the dot-com bubble bursting and egghead notions of perpetual growth popping with it, I think it is high time we reevaluate this 'New' economy as well.
I think this apparent conundrum may have its benefits. Like any perceived failure, it is an opportunity to redefine. Our generation has, up to this point, had nothing to fight for. No World War, No Great Depression, until now. Who will step up? Who will help shape the new 'New' economy? I say it is a matter of getting back to basics.
Entrepreneurship has saved this country time and time again. And the current crisis has, in my opinion thankfully- put working or looking for a 'job' in manufacturing, Corporate America and Institutional Banking just as risky as starting your own thing. I can see a world where the USA's sustainable competitive advantage is in innovation and creation. Where we are all taught from day one to be entrepreneurial in all that we do, not just professionally but socially and politically. We have the infrastructure to really build on this here in the States. We have some of the most efficient capital markets in the world and easily the best higher learning institutions this corner of the galaxy has to offer. We should encourage each other to take the 'risk' and start our own thing. The new 'New' economy is one where we have transformed the way we live to match natures processes. To encourage organic creativity and inspiration.
We can begin this movement in a variety of ways. First being communication. Virtual hubs like Forge are a great example of this movement taking shape locally and I expect more to come and silos to be broken down daily in the name of greater collaboration and thereby efficiencies. Encourage our elected representatives to ease the paths to entrepreneurship. We need Health care entrepreneurs can afford, either by a pooling of risk or some other straightforward solution. We need to encourage them to stop subsidizing dying markets and industries- nature has no such goodwill I am aware of. And above all we must encourage this through a revamping of our education system and parenting. The educational bureaucratic monoliths are becoming more and more stagnant in an age of hyper change and ever increasing nimbleness.
Forge is one area we can all have a say. To help build a start up community brick by brick. Im in, are you?
I think this apparent conundrum may have its benefits. Like any perceived failure, it is an opportunity to redefine. Our generation has, up to this point, had nothing to fight for. No World War, No Great Depression, until now. Who will step up? Who will help shape the new 'New' economy? I say it is a matter of getting back to basics.
Entrepreneurship has saved this country time and time again. And the current crisis has, in my opinion thankfully- put working or looking for a 'job' in manufacturing, Corporate America and Institutional Banking just as risky as starting your own thing. I can see a world where the USA's sustainable competitive advantage is in innovation and creation. Where we are all taught from day one to be entrepreneurial in all that we do, not just professionally but socially and politically. We have the infrastructure to really build on this here in the States. We have some of the most efficient capital markets in the world and easily the best higher learning institutions this corner of the galaxy has to offer. We should encourage each other to take the 'risk' and start our own thing. The new 'New' economy is one where we have transformed the way we live to match natures processes. To encourage organic creativity and inspiration.
We can begin this movement in a variety of ways. First being communication. Virtual hubs like Forge are a great example of this movement taking shape locally and I expect more to come and silos to be broken down daily in the name of greater collaboration and thereby efficiencies. Encourage our elected representatives to ease the paths to entrepreneurship. We need Health care entrepreneurs can afford, either by a pooling of risk or some other straightforward solution. We need to encourage them to stop subsidizing dying markets and industries- nature has no such goodwill I am aware of. And above all we must encourage this through a revamping of our education system and parenting. The educational bureaucratic monoliths are becoming more and more stagnant in an age of hyper change and ever increasing nimbleness.
Forge is one area we can all have a say. To help build a start up community brick by brick. Im in, are you?
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