The Atlantic

Have Americans Given Up?

A new book by Tyler Cowen argues that when it comes to innovation and dynamism, the country is all talk.

Source: Rick Wilking / Reuters

Americans have fallen in love with the idea of their entrepreneurial spirit. Silicon Valley seems to have replaced New York City as the country’s metropolitan mascot of dynamism. Innovation is the unofficial buzzword of corporate America, and news organizations heap praise on the zillionaire startup heroes of the Millennial generation.

But this is a mirage, according to the economist and popular writer Tyler Cowen, whose new book is The Complacent Class: The Self-Defeating Quest for the American Dream. In fact, the nation's dynamism is in the dumps. Americans move less than they used to. They start fewer companies. Caught in the hypnotic undertow of TV and video games, they are less likely to go outside. Even the federal government itself has transformed from an investment vehicle

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