Thursday, March 19, 2009

Richard Florida on Bailouts and Stimulus

Richard Florida, one of my favorite 'planner economists' has been writing about the bailouts and stimulus plans on his blog in the last couple days. It's particularly good because he addresses several of the questions that always seem to come up regarding his work "everyone can't be in the creative class, what about the others?" etc.

I am especially concerned that we are wasting a great opportunity to create a more future-oriented economy. We should be using the stimulus to move towards a more environmentally and economically sustainable future. Of course, if we don't someone else is likely to do so, as Florida puts it:

The clock of history ticks on. Over time, it tends to leave behind those places who get stuck, get trapped, or try too hard to breathe life back into the old order, neglecting the new one that is emerging. And that’s what really worries me.

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