Political gridlock in Washington... the lingering effects of the financial crisis... structural problems such as unemployment and the skills gap of our work force... the mediocre K-12 educational system. Are our best days behind us?
Joel Kurtzman persuasively shows why all the talk about America's decline is not only baseless but dead wrong. Our best days, are, in fact, ahead of us.
Four transformational forcesunrivaled manufacturing depth, soaring levels of creativity, massive new energy sources, and gigantic amounts of capital waiting to be investedhave been gathering steam. When combined they will provide the foundation for a much stronger economy, robust growth, and broad-based prosperity that will propel the United States to new heights.
One endlessly repeated anxiety is that “we don't make anything here, anymore.” The reality, though, is that the US is the world's dominant manufacturing powerand growing. American companies produce 20 percent of the world's goods in the US and perhaps another 15 to 20 percent outside our country. And much of what we make is recession-proofsuch as software, jetliners, medical devices, pharmaceuticals, chemicals, and food.
Kurtzman reveals the stories of the unsung heroes who are the creative force leading the second American century, describing the payoff of the investment in our best minds. American companies have stunning levels of talent and creativity at work in the world's fastest growing economic sectorsbiotech, pharmaceuticals, computer hardware and software, telecommunications, advanced manufacturing, materials science, and aeronautical and space engineering. In these fields, Americans are without peer and consistently break new ground.
We are coming to the realization that America is no longer beholden to the despots of foreign energy. Thanks to advances in technology developed in the US, we now have among the world's largest energy reserves, and are richer in energy resources than Saudi Arabia and second only to Russia.
These three strengthsmanufacturing, soaring levels of creativity, and energy independencewill be magnified and synergistically combined with the unprecedented amount of capital that now lies idle. US companies of all types are hoarding cash and securities worth more than 4 trillionan amount larger than the world's fourth largest economy, Germany. When the money starts flowing and is invested, it will rapidly propel every part of the economy forward.
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About the Author
Joel Kurtzman is senior fellow at the Milken Institute, a member of the editorial board of MIT Sloan Management Review, and a senior fellow at the Wharton School's SEI Center for Advanced Studies in Management. Earlier in his career, Kurtzman was the editor-in-chief of Harvard Business Review, founding editor-in-chief of Strategy + Business magazine, and global partner at PricewaterhouseCoopers. Follow him on Twitter @jkurtzman.
Most Helpful Customer Reviews
This economic view of the positive and possible future for the US based is uplifting and allows you to feel good about the future, instead of miring in all the negativity in the press and politics. Based on the foundation of innovation, energy, manufacturing and financial strength within the US economy the author leads you down the path of possibilities for our future. It used facts and figures to show the strength and potential within the global and national economies. In a time of negative pundits and overwhelming negativity it is good to see there is a path to a brighter future and that the present is not as bad as it appears and how we have overcome bigger problems in our past.