The authors of the new book Resource Revolution argue that high resource prices are spurring innovations powerful enough to unlock a new phase of global economic growth.McKinsey
How resource scarcity is driving the third Industrial Revolution
Stefan Heck is a consulting professor at Stanford University’s Precourt Institute for Energy and an alumnus of McKinsey’s Stamford office, and Matt Rogers is a director in the San Francisco office
2 comments:
Where does industry get the funds for development, if all surplus goes to rentiers? Do numbers add up?
development scrapes by on diverse, net "Transfer" payments, which (thankfully) are still considered Off Budget.
Even if Transfer Payments confer only barely subsistence income.
Meanwhile, if
Medicare, SocSec, Unemployment, etc are all considered "Off Budget" Transfer Payments ... then why on earth can't mandatory public education, through college, also be treated as an off-budget transfer payment too?
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