Viewing blog posts written by Gino DiCaro
'Must read' article for manufacturers
Posted by Gino DiCaro
, VP, Communications on Nov. 16, 2015
The DailyBeast recently published a tremendously elucidating article by Joel Kotkin titled: Are We Heading for An Economic Civil War?
The article outlines the onging tangible products vs. non-tangible products divide that is increasingly defining our national and state politics. Below is the introduction to the piece. You can and should read the FULL ARTICLE HERE. It's 'must read' material for manufacturers.
When we speak about the ever-expanding chasm that defines modern American politics, we usually focus on cultural issues such as gay marriage, race, or religion. But as often has been the case throughout our history, the biggest source of division may be largely economic.
Today we see a growing conflict between the economy that produces consumable, tangible goods and another economy, now ascendant, that deals largely in the intangible world of media, software, and entertainment. Like the old divide between the agrarian South and the industrial North before the Civil War, this threatens to become what President Lincoln’s Secretary of State, William Seward, defined as an “irrepressible conflict.”
Other major economic divides—between capital and labor, Wall Street versus Main Street—defined politics for much of the 20th century. But today’s tangible-intangible divide is particularly tragic because it undermines America’s peculiar advantage in being a powerhouse in both the material and non-material worlds. No other large country can say that, certainly not China, Japan, or Germany, industrial powerhouses short on resources, while our closest cousins, such as Canada, Australia, and New Zealand, remain, for the most part, dependent on commodity trade.
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