Based on conventional economic models, increases in R&D spending should have led the US to accelerated economic growth rather than the slowdown that has actually occurred since 1985.
The evidence suggests that while the US is investing more in R&D, the concentration of resources among large businesses has led to diminishing returns in terms of productivity growth.
https://www.imf.org/en/Publications/fandd/issues/2024/09/the-innovation-paradox-ufuk-akcigit?utm_source=substack&utm_medium=email
“Friends don’t let friends debate the future of the Democratic Party w/out being clear on whether they’re debating the 2024 election or the 2016-2024 shifts in the electorate.
The former you can explain with inflation. The latter you can’t.” #EzraKlein
'MUSK's Cybertruck is the perfect vehicle fr a zombie apocalypse.'
It's a bigger problem than just one sinister-looking car...it tells us abt the corruption of aesthetics in our time. And they really matter...
#LeonardSchlain key pt in his book The Art of Physics makes the case that aesthetics LEAD the shaping of our REALITY...not reflect or follow it. #TedGioia key pt: 'the Cybertruck replaces beauty w/ power.' No nuance, subtlety or any humanizing elements whtsoever.
"Case & Deaton’s findings also suggest that, at least in one crucial respect, America’s educational divide now surpasses the gap that has historically been most significant: race. As recently as 1990, race still trumped educational status as a determinant of life span in the #US White Americans w/out a 4yr college degree could expect to live longer than #Black Americans with one. Not any more." #education #Race
What could add years to your life? Why do women live longer than men? What's the best method of life extension? Diet and exercise? Or polygamy and pets? Let the latest data decide.