"Innovation" will not save us. "In a 2000 report, then-President - TopicsExpress

"Innovation" will not save us. "In a 2000 report, then-President Bill Clinton’s Council of Economic Advisers suggested (PDF), “Many economists now posit that we are entering a new, digital economy that could inaugurate an unprecedented period of sustainable, rapid growth.” It hasn’t quite worked out that way. Indeed, if the last 10 years have demonstrated anything, it’s that for all the impact of a technology like the Internet, thinking that any new innovation will set us on a course of high growth is almost certainly wrong."

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