Tech over-promised and under-delivered. The article presents a compelling argument that resonates deeply with the current state of the U.S. economy and its tech

Tech over-promised and under-delivered. The article presents a compelling argument that resonates deeply with the current state of the U.S. economy and its technological focus. Tyler Cowen's notion of the Great Stagnation, alongside the critique of modern tech's superficial advancements, underscores a critical misstep in our economic development strategy. The emphasis on software and tech, while neglecting the foundational sectors of manufacturing and engineering, has led us into a productivity paradox where technological advancements do not translate into real economic growth or improved living standards for the average citizen. The analogy of cargo cult companies vividly illustrates the pitfalls of prioritizing abstractions and financial metrics over tangible solutions and innovations. This approach has not only stifled genuine innovation but has also diverted attention and resources away from sectors that are crucial for sustainable economic growth and competitiveness on the global stage.