Time to Build the Clean Power Platform
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Modern life rests on two electromagnetic wave platforms: knowledge and power. The power platform is where the knowledge platform was in 1993. Emanating from the United States, digital mobile and Internet networks wrapped around the world, changing societies and economies in just a few years. The hundreds of millions of dollars invested in the American move to the new knowledge platform meant for the Clinton Administration that everything supposed to go up (labor force participation, income, productivity), went up. Everything supposed to go down (unemployment, cost of capital), went down.
Now the power platform begs to be rebuilt quickly, producing cheap, clean, abundant energy instead of expensive, polluting, and inefficiently consumed power. As was the case for the knowledge platform in the 1990s, if America moves to the new power platform, all can revel in full employment and take satisfaction in reduced inequality in wealth and income.