The great reset
how new ways of living and working drive post-crash prosperity
by Richard Florida · first published 2010
67% recommend33% neutral
We tend to view prolonged economic downturns, such as the Great Depression of the 1930s and the Long Depression of the late nineteenth century, in terms of the crisis and pain they cause. But history teaches us that these great crises also represent opportunities to remake our economy and society and to generate whole new eras of economic growth and prosperity. In terms of innovation, invention, and energetic risk taking, these periods of "creative destruction" have been some of the most fertile in history, and the changes they put into motion can set the stage for full-scale recovery.In The G
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There is a more nuanced view to be had of the current situation. For instance, Richard Florida has a new book out called The Great Reset. http://www.amazon.com/Great-Reset-Working-Post-Crash-Prosper... Florida offers compelling evidence that the 1930s were the most innovative decade of the 20th century. Many new business practices were…
on “When It’s Darkest Men See the Stars” ↗…more fun, went out more often, and was much more relaxed than when he was back at the swamp. Living it versus talking about it is a real convincer. Richard Florida talks about the Creative Class and the Great Reset (both excellent books, though I don't agree 100% with his prescriptions) which dovetails with PG's essay Cities and Ambition. One area where I disagree is the choice of vehicle. A ten year old hatchback…
on “The True Cost of Commuting” ↗…(now in reverse), have we prevented ourselves from geographic mobility because of that dreadful debt burden in a 30 year fixed mortgage? Richard Florida describes this same issue in his new book, The Great Reset. I would agree with him that emphasis should not be as great on homeownership (and accompanying tax credits) and instead should be more towards driving new creative technologies and systems that this…
on “In Defense of Home Ownership” ↗