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August 14, 2008

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Highly recommended YouTube video of Steve Blank lecture on "The Secret History of Silicon Valley":

http://www.youtube.com/watch?v=hFSPHfZQpIQ

It was all defense funding sixty years ago.

The part about Silicon Valley starts around 26 minutes. "Fred Terman was the father of the military industrial complex in Silicon Valley."

I am not agreeing or disagreeing with Byron Wien --

But by your analysis, this country can never move to the down side -- its only numbers, and after all , we've always rebounded.

Who can argue with logic such as that?

Don't worry. Once Obama is elected all this 'decline' talk will disappear instantly.

We'll all have the audacity of hope!

OK, but you seem to offer a too flippant reaction to terrible math and science test scores, the export of manufacturing jobs, and such other numerically tracked failings.

Even if you're right, that enterpreneurial "magic" will save us from leaving the head of the pack, well then surely we could do even better if we weren't failing in education?

Surely we could do even better if we had some kind of national vision for innovation?

Surely we could do better if our R&D investments were guided as much by long-term national competitive interests instead of next quarters numbers for the street?

If it sounds like I might be in favor of some government intervention, I am. But I'm very pro-capitalism. On a micro sense, our companies compete and do well, but on a nation to nation basis, we also need to compete. In so doing, we will raise our game, and also the game of our competitors. Good for the globe.

Complacency and pollyannism have as long and a storied history as declinism - in fact, I'd say longer. There are always people in high places who like the status quo and defent it for better or worse. At least the declinists are induced to take action and try to improve the situation.

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Good post. I love America and I live in America.

The comments seem to be talking all around the question but not addressing the heart of the entreprenurial debate. The issue should be: How to get state capital around the financial logjam and into the hands of the entrepreneur.

As it turned out everything becomes normal now. Maybe, soon everybody will be happy.

Thanks in part to deregulation, individuals and firms carved out new pathways of business in financial services and insurance. Some areas of manufacturing, even, enjoyed growth.

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Once you learn the relevant language (and German is big for tech anywhere in Europe), it's not too difficult to get set up around there. But the US economy has become very miserable for tech workers and innovative, small businesses in general.

The whole economic game is just like a get rich quick game. You always need new member at the bottom to continue paying for people at the top.

Economic growth is measure you buy more this year than last year. Growth decline when everyone is buying lesser than previous year.

Isn't it economics growth is the measurement for greed?

The whole economic game is just like a get rich quick game. You always need new member at the bottom to continue paying for people at the top.

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Interesting post, Dane! I wanted to share this upcoming event at the World Bank which will have a large focus on this topic:

We should all be concerned about the future because that is where we will spend the remainder of our lives.

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Playful hand-painted signs is popular, bringing new ideas to this century old brand, this package is also expected to become a sought-after entry series.

The whole economic game is just like a get rich quick game. You always need new member at the bottom to continue paying for people at the top.

Once you learn the relevant language (and German is big for tech anywhere in Europe), it's not too difficult to get set up around there. But the US economy has become very miserable for tech workers and innovative, small businesses in general.

The whole economic game is just like a get rich quick game. You always need new member at the bottom to continue paying for people at the top.

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People are again talking about the US decoupling from the rest of the world. I can't see how slow growth from the US won't affect the rest of the world.

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