If you compare productivity growth across eras: 1880-1930 was three times as fast, 1930-1970 was twice as fast, and since 1970 it's been one x. We had 3x, then 2x, then 1x. This is very not good.
“I I I most fundamentally, I think it's because we decided other things are more important.”
If you compare and contrast that to the period between about, 1930 to about 1970, productivity growth was roughly twice as fast, through that period. And if you compare and contrast that to the period of 1880 through 1930, productivity growth was about three times as fast. So we had three x, and then two x, and then one x. And so this is very not good. Like, the the, you know, the Why do you think that is? I I I most fundamentally, I think it's because we decided other things are more important. And in particular, in the last, you know, basically since since the nineteen seventies, you know, if you just look at like the if you just look at the charts of like the number of of laws on the books or the number of pages in the federal register or the number of regulations in the economy that you know it's just this it was just this like knee in the curve
Why this clip
Clean historical framework with specific numbers that's easy to remember and quote. The 3x-2x-1x progression is sticky and the deadpan 'very not good' adds memorable emphasis to stark decline.
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Marc Andreessen
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