A new economy

At a Newhouse School/New Yorker event yesterday, Gary Hart said that President Obama (presuming) could not rebuild a 20th century economy out of this wreckage but will need to build a 21st century economy.

That is what I tried to argue in this post about the Google economy — or rather, the new economy that already exists that we can see through the lens of Google. I’ve turned it into an op-ed my agent is flogging now.

Also at the event, former senator Bob Kerrey, now president of the New School, gave an eloquent and passionate defense of the new media economy and how new it is. He reminded the audience that Jerry Brown wowed the nation in the ’92 debates when he held up a 1-800 number. Wow, how hip, we thought. Kerrey said he reads papers and magazines only out of habit and he revels in getting so many more sources for news today. Asked whether media are better today, he didn’t hesitate answering yes.

He also admitted to watching collections of Joe Biden gaffes on YouTube the day before. He likes Biden. But “it was hilarious.”

I asked whether and how government – rather than just politics and its coverage – would change because of the internet. He said that if Obama wins and appoints Jamie Dimon as Treasury Secretary and more like him, we’ll see “technology used to reduce the overall size of government,” especially at regulatory and administrative levels.

One more note: Kerrey has a sense of humor we should wish for in a president. Made me wish I’d paid more attention to his presidential campaign in the day.

  • Marco

    “…He said that if Obama wins and appoints Jamie Dimon as Treasury Secretary and more like him, we’ll see “technology used to reduce the overall size of government,” especially at regulatory and administrative levels.”

    … right, I guess he doesn’t realize it’s impossible to sack government bureaucrats … not to mention that Obama has strong labor support, I’m sure they’ll be keen on ‘reducing’ headcount.

    It sounds like Kerrey has been sipping the kool-aid.

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  • http://www.youtube.com/user/yikeswood michael baker

    A new branch of government is in order.
    This branch would equate in simplest form to the redistribution of wealth.
    For example it is now possible for the people to buy shares in homes through internet buying networks,
    this would include in theory, to every private orginization up but not to the government with a few exceptions,
    Freddie Mac. The simplest solution is for the government to intercede on the peoples behalf and open to the
    public corparate America. Corparate philosophy of franchises would keep this organizations structure.
    Now arises an organic economic philosophy that would need constant attention and as the health of the economy
    so goes America. The home or buisness and is management = ovum. The buyer = ovul, the company or home renter
    would be responsible for buying back the ovuls holdins one by one. Repeat