Maybe because the Fed's dual mandate of keeping employment low whilst keeping inflation under control has this side effect.
Growth is not related to the total utility value of the work that is produced by the country; it's a highly controlled metric; that's why the financial system is prone to booms and busts; the metrics we use are not in sync with reality and sometimes the discrepancy becomes so obvious that everything crashes.
>> Why are certain things getting so much more expensive?
Probably also related to the Fed's manipulation of the money supply. The way that inflation is calculated is by looking at the Consumer Price Index; this index only accounts for prices of products based on their general classifications; it doesn't take into account the fact that the quality of all products overall have been steadily declining over the years. If we were to factor in the decline of quality of products over time, we would find that inflation was actually much higher than reported.
>> Why do there seem to be more examples of rapidly-completed major projects in the past than the present?
Engineering practices are getting worse over time and increasingly focus on risk-mitigation rather than productivity. Big tech monopolies don't need to be efficient in order to keep increasing profits; they can afford to hire a ton of engineers who have nothing to do so they become focused on risk-mitigation instead of development efficiency.
Small companies mistakenly look up to corporations as role models for their own businesses and they start adopting the same inefficient and expensive tools and practices (e.g. serverless). Engineers who are efficient are shunned as being bad engineers because their front end code doesn't have 100% test coverage and they don't use the latest bulky over-engineered tools that came out of Facebook.
>> How do you ensure an adequate replacement rate in systems that have no natural way to die?
It's good to know that people in positions of power are thinking about these problems.
Blockchain?
>> Why are programming environments still so primitive?
This is related to the question "Why do there seem to be more examples of rapidly-completed major projects in the past than the present?" - The answer is probably similar.
Companies that succeed don't succeed because of good engineering practices and tooling; they succeed because of other completely unrelated reasons (business connections, funding, etc...) but they become role models in the developer community; a successful company's past technical decisions are treated as some kind of recipe to success even though many of those decisions were actually pretty terrible and developed in a rush to meet the challenges of hockey-stick growth curves.
Tooling and developer efficiency hasn't mattered because other factors like access to business connections and funding have been so much more important in terms of achieving successful outcomes.
Real technical innovation can't hold a candle to social networking.