The Myth of American Decline

HBR IdeaCast

Harvard Business Review

Leadership, Entrepreneurship, Communication, Marketing, Business, Business/management, Management, Business/marketing, Business/entrepreneurship, Innovation, Hbr, Strategy, Economics, Finance, Teams, Harvard

4.4 • 1.9K Ratings

🗓️ 10 May 2012

⏱️ 17 minutes

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Summary

Daniel Gross, columnist and economics editor for Yahoo! Finance and author of "Better, Stronger, Faster: The Myth of American Decline . . . and the Rise of a New Economy."

Transcript

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0:00.0	If you work with early career professionals, my colleagues at
0:03.8	HPR have a great new podcast for you. It's called New Here. Think of it like the
0:08.4	Young Professional's Guide to Building a Meaningful Career on your own terms.
0:11.9	Share New Here with the Young Professionals in your life. a meaningful career on your own terms.
0:12.8	Share new here with the young professionals in your life.
0:15.9	Listen for free wherever you got your podcasts.
0:18.6	Just search new here. Welcome to the HBR Ideacast from Harvard Business Review.
0:33.8	I'm Justin Fox and I'm talking today with Daniel Gross,
0:37.0	columnist and economics editor for Yahoo Finance,
0:40.1	an author of the new book Better, Stronger Faster, The Myth of American Decline
0:45.7	and the Rise of a New Economy.
0:48.0	So Dan, welcome to Ideacast.
0:49.6	It's good to be here.
0:51.4	I take it from reading your book that you don't think it's all over for the US economy.
0:55.4	Not by a long shot. I mean look at some of the metrics. The stock market has doubled
1:00.5	essentially in the last three years. We've regained our 2007 peak
1:04.5	economically. Obviously we're behind in jobs and most of the numbers are moving in
1:08.8	the right directions. Retail sales, industrial production, exports, a lot of the big data that we look at have been moving
1:16.4	in the way we want them to move for the last three years.
1:19.7	Obviously big outliers like housing, but we had a pretty severe housing bubble and those
1:24.6	take a long time to get over. So why are we being deluged by so many
1:29.0	predictions of doom and urgent prescriptions for improvement like for example
	...

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