We have recently moved the
Creative Class Exchange.

Please update your bookmarks with our new address at www.creativeclass.com

We look forward to your comments and discussion.

Thank you.

Posts by Author

  • Global Trends
  • Ask Rana: Advice on Work, Life and Play
  • Urban Digs, Creative Class Communities
  • Workplace
  • Entrepreneurship, Creative Class Strategies
  • Creative Class Research and Indicators
  • Architecture + Design

Video Interview

Watch a Speech

Hear a Speech

Speaking

Technorati

SiteMeter

June 25, 2008

Richard Florida

Pendulum

« The Urbanist Party | Main | Infectious Exuberance »

Robert Reich:

The great pendulum of American economic outrage moves back and forth over time between anger at big government and anger at big business. For almost thirty years, big government has been the target - starting with Ronald Reagan's admonition that government is the problem, not the solution; through Bill Clinton's declaration that the era of big government is over; and George W. Bush's hands-off brand of free market fundamentalism.

I recall sitting in a seminar on globalization at MIT circa 1996 and Ray Vernon basically said: "I've seen it time and time again. Now everyone believes in the "market."  Just wait, the backlash is coming." 

I do think Reich is right in his capsule political history. It's been one big trickle down approach. The right has done what it is more or less supposed to do - make the case for unbridled markets. The great failure of our times is a failure of progressive forces to make a case for a more inclusive, broadly based and inclusive, while market-driven, creative economy.  In its absence, we have seen the rise of social conservatism and populism.

Can new political forces stem the tide?

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451b7f569e200e55370e67c8833

Listed below are links to weblogs that reference Pendulum:

Comments

The comments to this entry are closed.