Richard Florida has an interesting article in the March issue of the Atlantic titled “How the Crash Will Reshape America.” He talks about how big, international economic crises typically usher in a new economic paradigm, and then speculates on what this economic crises may foretell:
Economic crises tend to reinforce and accelerate the underlying, long-term trends within an economy. Our economy is in the midst of a fundamental long-term transformation—similar to that of the late 19th century, when people streamed off farms and into new and rising industrial cities. In this case, the economy is shifting away from manufacturing and toward idea-driven creative industries—and that, too, favors America’s talent-rich, fast-metabolizing places.
. . . the economy is different now. It no longer revolves around simply making and moving things. Instead, it depends on generating and transporting ideas. The places that thrive today are those with the highest velocity of ideas, the highest density of talented and creative people, the highest rate of metabolism. Velocity and density are not words that many people use when describing the suburbs.
You’ve probably seen this video before, but, with updated stats, here is the argument for those of us who are visual learners.
How will you turn your organization into a “densely talented and creative” force producing a high velocity of ideas? Comments?