The Age of Stasis

Source: Niskanen Center
by Brink Lindsey

“It’s my contention that 21st century capitalism is undergoing a triple crisis — one of inclusion, one of dynamism, and one of politics. As to the first of these, I’ve already written a couple of essays looking at the socioeconomic and political marginalization of ordinary people since the advent of mass affluence. Now I’ll turn to the crisis of dynamism. Piecing together what’s happened and why will occupy me for the next few essays. We can conceive of this crisis in both narrower and more sweeping terms. As to the former, the concern is with declining rates of innovation and economic growth and growing barriers to scientific and technological progress. Zooming out and taking a larger view, there is the sense of a deeper, civilizational sclerosis.” (11/21/22)