The Creative CompactPosted: July 10, 2012
By Richard Florida
Published: July 10, 2012
The Huffington Post
The tectonic upheavals our economy is enduring are the result not just of ﬁnancial shenanigans by the global One Percent, but of a deeper and more fundamental shift — the passing of the old industrial order as it gives way to the emerging Creative Economy. If we wish to build lasting prosperity we cannot rely on market forces and the Invisible Hand alone to guide us. The grand challenge of our time is to invent new institutional structures that will guide the emergence of a new economic order, while channeling its energies in ways that benefit society as a whole.