- cross-posted to:
- technology
- cross-posted to:
- technology
Today, progress is defined almost entirely by consumer-driven, often banal improvements in information technology. The US economist Tyler Cowen, in his essay The Great Stagnation (2011), argues that, in the US at least, a technological plateau has been reached. Sure, our phones are great, but that’s not the same as being able to fly across the Atlantic in eight hours or eliminating smallpox. As the US technologist Peter Thiel once put it: ‘We wanted flying cars, we got 140 characters.’
There's definitely stuff happening, it just doesn't make the news. And probably much slower than possible because capitalists would rather be rich than make technology advance quickly.