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Why has growth slowed down?
I covered this more in depth on the previous question, but in short it is excessive government regulation that is the biggest dead weight on the economy.
I think growth has slowed down to its natural rate in an advanced and mature economy. We cannot compare our growth rate to India or China because they started at a level of severe poverty and an uneducated and unskilled labor force. History shows that a growth rate of greater than 3% can only happen after severe events such as WWII when we were the economic engine of the world. We might have economic blips occur (internet) that give us a short term bump in growth. But it seems evident that 2% growth is a natural state long term.
Increase wealth and income inequality does not help economic growth as well.
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