Credit Richard Florida putting forward a satisfying -- and I think mainly sound -- conceptual framework for understanding our current economic woes in The Great Reset: How the Post-Crash Economy Will Change the Way We Live and Work. Florida argues that major economic slumps correspond with major economic 'resets', in which new ways of generating wealth demand -- and ultimately shape -- new organizations of community, workspace and living space -- and new means of transportation that tie the new "spatial fix." From this perspective, to extrapolate a point that Florida leaves implicit, the bubbles that precede major economic contractions are more symptom than cause -- a kind of giddy last fling at priming the legacy infrastructure that's reached a kind of natural limit.
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Food for thought, and occasional light…
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Credit Richard Florida putting forward a satisfying -- and I think mainly sound -- conceptual framework for understanding our current economic woes in The Great Reset: How the Post-Crash Economy Will Change the Way We Live and Work. Florida argues that major economic slumps correspond with major economic 'resets', in which new ways of generating wealth demand -- and ultimately shape -- new organizations of community, workspace and living space -- and new means of transportation that tie the new "spatial fix." From this perspective, to extrapolate a point that Florida leaves implicit, the bubbles that precede major economic contractions are more symptom than cause -- a kind of giddy last fling at priming the legacy infrastructure that's reached a kind of natural limit.