According to economist Richard Florida in his recent article, the solution posited by the title of his recent Atlantic Monthly article, How the Crash Will Reshape America, is through a renewed emphasis on velocity and density. This is also the article that prompted Suburbia R.I.P. in Fast Company Magazine.
Regarding how we started to get into this mess, “For the generation that grew up during the Depression and was inclined to pinch pennies, policies that encouraged freer spending were sensible enough – they allowed the economy to grow faster. But as younger generations, weaned on credit, followed, and credit availability increased, the system got out of hand.” To truly understand this, check out this 47-minute video that every fiscally responsible person should watch.
What’ll that feel like when it happens, when we learn to innovate and collaborate at the same time? Probably something like the video above.
How would you like to see the crash reshape America? Comment below (registration not required).
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