Saturday, December 6, 2014

The Great Stagnation

A very interesting read...
Why-has-human-progress-ground-to-a-halt?

The possible reasons why -
  1. Wealth accumulation unlinked to innovation
  2. As success comes to be defined by the amount of money one can generate in the very short term, progress is in turn defined not by making things better, but by rendering them obsolete as rapidly as possible so that the next iteration of phones, cars or operating systems can be sold to a willing market.
  3. Risk aversion

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