| > Which non-Western countries are competing on creativity? As I see it, Asian economies like India, China, Japan, South Korea offer a reasonable competition to Western economies today. 1. Samsung is a very viable competitor to Apple in hand held + wearables creative space. 2. Indian fin-tech solutions IMO today are some of the best in the world. All I need is a phone to shop for things (from buying a car to paying for parking) and have not used a credit/debit card for a year now (I live in India). Same in Indian edu-tech space. A lot of kids have quit school and are learning at home. Full time. I have not seen this happen anywhere before. 3. Toyota's are way more reliable than BMW's, Audi's and Ford's. 4. TSMC vs Intel is another good example. I foresee a lot of innovation happening in Asia right now to go global in this and next decade. |
Perhaps there is no such thing as a "knowledge" economy. At least not in a mass sense. Maybe instead the design knowledge which will drive automation is derivable from only a fraction of the population. That is only a small fraction of the population is capable or necessary for producing this knowledge. Perhpas the Utopia in which every child achieves a doctorate in engineering, medicine, etc was just a fantasy.
Perhaps the people who most perpetrated this story were motivated to. Because they were either complicit in the dismantling of the West's lower middle class economy or perhaps because they were apologists of untrestrained "free markets" and they needed a way to square their dogma without seeming cruel.
Perhaps the consequences of globalization minus the dogmatic fantasy of "everyone will be educated into being einstein" left the nagging uncomfortable suspicion that growth had its limits and someday we would have to admit that the only answer to making sure an equitable portion of wealth made its way into everyone's pockets wasn't an endless growth, every mom blasting their womb with Bach, an STM on every crib nerdocracy but instead gasp dare I say it? Redistribution!?