1 Feb 2012 08:54
M. Mills & J. Ottino: The Coming Tech-Led Boom (Wall Street Journal) - and more!
Let's beat the cold (in Europe at least) and inaugurate February with a 'radiant future' piece from our favorite Prawda (back for grabs atop the paperdump container at the economics faculty of the university of Amsterdam, despite the 'paid circulation' scandal of last November ...) Original to: http://online.wsj.com/article/SB10001424052970203471004577140413041646048.html The Coming Tech-led Boom Three breakthroughs are poised to transform this century as much as telephony and electricity did the last. By MARK P. MILLS AND JULIO M. OTTINO In January 1912, the United States emerged from a two-year recession. Nineteen more followedalong with a century of phenomenal economic growth. Americans in real terms are 700% wealthier today. In hindsight it seems obvious that emerging technologies circa 1912electrification, telephony, the dawn of the automobile age, the invention of stainless steel and the radio amplifierwould foster such growth. Yet even knowledgeable contemporary observers failed to grasp their transformational power. In January 2012, we sit again on the cusp of three grand technological transformations with the potential to rival that of the past century. All find their epicenters in America: big data, smart manufacturing and the wireless revolution.(Continue reading)
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