♠ Posted by Emmanuel in Americana at 11/01/2013 09:52:00 AMKoch Industries of Tea Party fame-funded arch-libertarian Tyler Cowen has an interesting piece in TIME about how Texas is America's future. Having stayed there for a time, I am of somewhat more mixed opinions about its virtues and vices than he is. Read for yourselves and see what you think.
Before you do so, I have two things to point out: First, he seems to have thrown his lot with the Internet-makes-our-lives-so-much-better crowd in arguing that, actually, our standards of living have improved immeasurably because of it:
For Americans heading to these places, the likelihood is that they'll be facing slow-growing, stagnant or even falling wages. Yet it won't be the dystopia that it may sound like at first. Automation and globalization don't just make a lot of goods and services much cheaper--they sometimes make them free. There is already plenty of free online education, graded by computer bots, and free music on YouTube. Hulu and related online viewing services are allowing Americans to free up some money by cutting the cable cord. Facebook soaks up a lot of our free time, and it doesn't cost a dime. The near future likely will bring free or very cheap online medical diagnosis.