New Economy Talk: The Impact of 5G Communications and Clean Power on Global Economic Growth
Technological breakthroughs make possible the construction of two global platforms: one for renewable power and one for Fifth Generation communications. These two electromagnetic wave systems both depend upon storage and high bandwidth. Together they offer several decades of major increases in private and public investment, that in turn promise to increase global GDP by significant amounts. The era of secular stagnation can be ended, if politics and business models welcome the change.
Reed E. Hundt is the CEO of the Coalition for Green Capital, a non-profit headquartered in Washington, D.C. His publications include Zero Hour: Time to Rebuild the Clean Power Platform (Odyssey Editions, 2013), The Politics of Abundance: How Technology Can Fix the Budget, Revive the American Dream, and Establish Obama’s Legacy, an e-book co-authored with Blair Levin (Odyssey Editions, 2012), InChina’s Shadow: The Crisis of American Entrepreneurship (Yale University Press, 2006) and You Say You Want A Revolution: A Story of Information Age Politics (Yale University Press, 2000).