01-03-2017, 03:01 PM
Mike,
3 things:
One - Keep in mind that Modelski et al. traced 19 different k-waves going back several centuries. Just because we don't have quite the same growth we did during the Industrial Revolution (when populations and energy use was soaring) doesn't mean this (IT) isn't an innovation complex driving growth.
Two - You keep dancing around the issue of trade. You keep staring at US growth numbers and completely ignore the burgeoning electronics sector in East Asia built to service US demand. Had those factories been built here, you would have seen it in the US growth and inflation numbers. You can't keep fixating on one country's numbers and just completely ignore the enormous wave of globalization that occurred during that same period.
Three - Where are you getting your dates for industrialization? What does this have to do automation?
3 things:
One - Keep in mind that Modelski et al. traced 19 different k-waves going back several centuries. Just because we don't have quite the same growth we did during the Industrial Revolution (when populations and energy use was soaring) doesn't mean this (IT) isn't an innovation complex driving growth.
Two - You keep dancing around the issue of trade. You keep staring at US growth numbers and completely ignore the burgeoning electronics sector in East Asia built to service US demand. Had those factories been built here, you would have seen it in the US growth and inflation numbers. You can't keep fixating on one country's numbers and just completely ignore the enormous wave of globalization that occurred during that same period.
Three - Where are you getting your dates for industrialization? What does this have to do automation?