Diego Cardenas
Critical Review
Tyler Cowen in his book, The Complacent Class, observes some of the changes that have happened in America over the course of the last 100 years or so. Tyler Cowen argues that America has become more complacent of a society, and that we currently find ourselves in a state of stasis. In his book he attempts to shed some light on the warning signs that America is headed towards a big change, or “Great Reset”, that will break our current state of complacency. I want to highlight some of Tyler Cowen’s strong points in support that America is headed towards a “Great Reset” and some of the reasons why.
In chapter 4 titled “Why Americans Stopped Creating” Tyler Cowen reveals some eye- opening statistics on the number …show more content…
has reached what economists call “the technological frontier.” This essentially means that we are it when it comes to technology and innovation. We are the standard, and we can’t take the innovations or advancements from others because there simply aren’t any. This poses some major issues for America because it translates to a slower velocity of growth when compared to countries like China, which are growing about 7-10% a year. To help us understand what a dynamic society must look and feel like he references the rags to riches example of China. It is easy to be dynamic and growing when there is significant room to grow like there is in China. The U.S., however, has reached a higher overall level of income and social balance compared to post Mao China. In chapter 7 he refers to the story of Jack Ma, founder of Alibaba who was dirt poor before starting the multi-billion dollar company Alibaba in 1999. Jack Ma’s drive to get out of extreme poverty created a burning desire to change. Compare that to the average American citizen who lives a cushy lifestyle of eating fast food, playing video games, and using snapchat on their new iPhone 8. The entrepreneur and billionaire Mark Cuban often refers to the fire Jack Ma possessed as “sweat equity”, which he considers to be one of the greatest assets any entrepreneur can …show more content…
This may be a great contributing factor to the lack of dynamism. Our lives are simply a lot more stable and comfortable. We seem to have less social and political challenges today than we did before. What may have been the vision, and the destination of the founding fathers may have become our greatest crutch and weakness
Critical Review
Tyler Cowen in his book, The Complacent Class, observes some of the changes that have happened in America over the course of the last 100 years or so. Tyler Cowen argues that America has become more complacent of a society, and that we currently find ourselves in a state of stasis. In his book he attempts to shed some light on the warning signs that America is headed towards a big change, or “Great Reset”, that will break our current state of complacency. I want to highlight some of Tyler Cowen’s strong points in support that America is headed towards a “Great Reset” and some of the reasons why.
In chapter 4 titled “Why Americans Stopped Creating” Tyler Cowen reveals some eye- opening statistics on the number …show more content…
has reached what economists call “the technological frontier.” This essentially means that we are it when it comes to technology and innovation. We are the standard, and we can’t take the innovations or advancements from others because there simply aren’t any. This poses some major issues for America because it translates to a slower velocity of growth when compared to countries like China, which are growing about 7-10% a year. To help us understand what a dynamic society must look and feel like he references the rags to riches example of China. It is easy to be dynamic and growing when there is significant room to grow like there is in China. The U.S., however, has reached a higher overall level of income and social balance compared to post Mao China. In chapter 7 he refers to the story of Jack Ma, founder of Alibaba who was dirt poor before starting the multi-billion dollar company Alibaba in 1999. Jack Ma’s drive to get out of extreme poverty created a burning desire to change. Compare that to the average American citizen who lives a cushy lifestyle of eating fast food, playing video games, and using snapchat on their new iPhone 8. The entrepreneur and billionaire Mark Cuban often refers to the fire Jack Ma possessed as “sweat equity”, which he considers to be one of the greatest assets any entrepreneur can …show more content…
This may be a great contributing factor to the lack of dynamism. Our lives are simply a lot more stable and comfortable. We seem to have less social and political challenges today than we did before. What may have been the vision, and the destination of the founding fathers may have become our greatest crutch and weakness