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Today's lower growth rate is in many respects the result of choices that we wish to make in a rich society, from having fewer children to moving around less for work. There is a long-term shift from manufacturing (where growth has historically been high) to services (where growth has historically been lower). The scalability of intangible investments turns the economy into more of a winner-takes-all structure.
 Restarting the Future: How to fix the Intangible Economy | 237 kB |