Well, i would suggest that another viable way of reading the decline in r* could be the scarcity of "real" investments opportunities in a much broad sense (in terms, clearly, of GDP-producing investments, not financial ones). I mean...well...nowdays, with respect to booming 60s and early 2000s aorund the Globe we do really have EVERYTHING. It seems like we're in some kinda "end of history" (mutuating the expression from F. Fukuyama) in terms of goods and services avaiable to the average human being. Even in some of the poorest countries in whole world (see Africa or Asia) they have a discrete access to internet and to a smartphone with which doing lots of things as we all know. Maybe, and that's my point, a new real technological and industrial revolution could prompt a much higher r* .
Well, i would suggest that another viable way of reading the decline in r* could be the scarcity of "real" investments opportunities in a much broad sense (in terms, clearly, of GDP-producing investments, not financial ones). I mean...well...nowdays, with respect to booming 60s and early 2000s aorund the Globe we do really have EVERYTHING. It seems like we're in some kinda "end of history" (mutuating the expression from F. Fukuyama) in terms of goods and services avaiable to the average human being. Even in some of the poorest countries in whole world (see Africa or Asia) they have a discrete access to internet and to a smartphone with which doing lots of things as we all know. Maybe, and that's my point, a new real technological and industrial revolution could prompt a much higher r* .