At this 5-Year Anniversary of the crash of Lehman Brothers and the beginning of the Great Recession, we are stuck in a weak recovery (except for stocks and those who own them), with unemployment still at 7.3%. Good-paying jobs are hard to come by and lots of folks have just bailed out of the job market entirely.
There may be a better way. Mike Mandel, one of the best economists around, thinks that The Internet of Things has the potential of igniting a new manufacturing boom in the US. He may be right. We need to get rid of the Finance Capitalism that has taken over and get back to Making again.
Here is Mike’s report: