Attention Economy


Friday, October 4, 2024

Industrial Policy - Social Aspects

A Recipe for a Striving America
David Brooks:
We can all list the forces that contribute to this widening divide, but a big one is this: Over the past 70 years or so, America, without much conscious deliberation, embraced its information-age future. In 1973, the sociologist Daniel Bell wrote a book called “The Coming of Post-Industrial Society.” Bell wrote that the leadership in the emerging social order would come from the “intellectual institutions.” He added, “the entire complex of prestige and status will be rooted in the intellectual and scientific communities.”
In the ensuing decades, finance, consulting and tech rose while manufacturing shrank. According to the St. Louis Federal Reserve, manufacturing made up 28 percent of America’s nominal gross domestic product in 1953. By 2015 it was 12 percent, and today it is lower still.