Current Affairs: The Next American Economy by William Holstein Technology Clusters and Ecosystems

The U.S. Bureau of Labor Statistics reported an unemployment rate of 9.2 percent in June 2011. That number remains frustratingly consistent each month as millions of Americans struggle to find work.

It’s clear that many of the jobs lost over the last several decades, and during the Great Recession of 2008, are extinct. It’s said that the definition of insanity is repeatedly doing the same thing, yet hoping for different results.

Government stimulus packages and extended unemployment benefits are Band-aids for what, William Holstein, author of the new book, “The Next American Economy-A Blueprint for a Real Recovery,” identifies as structural challenges in America’s economy. Holstein has traveled the United States writing about globalization and economics for major business publications.

How will our country reinvent its workforce for the 21st century, and in what industries? Holstein believes our economic rebirth lies in technology clusters and ecosystems.

Following is a cross-sectional … Read More