Human Development Index 2
Slouching Towards Utopia
J. Bradford DeLong
What a disappointing book
Long centuries
In 1870 a major shift took place for humanity. With the coming of the industrial research lab, the modern corporation, and truly cheap ocean and land transport and communication, we went from a world in which economic patterns formed a semistable backdrop of grinding mass poverty to one where the economy was constantly revolutionizing itself, entering into states of increasing prosperity via the discovery, development, and deployment of new technologies.
This Schumpeterian process of creative destruction doubled humanity’s potential productive power in each generation. And in the years that followed, the foundations and underpinnings of society were repeatedly shaken and fractured.
Then follows a long process of invention, development and setbacks, consolidation ending arbitrarily in 2008
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