Tuesday, October 18, 2011

The next wave of technology innovation

Amity Schlaes talks about the next wave of technology innovation in the context of some of the factors that contributed to the last one: private capital devoted to venture capital; the ability of pensions to invest in venture capital; "intellectual property" laws; and, believe it or not, the pent-up demand from a decade of "poor performance and reduced expectations of the 1970s".
there's the silver lining to our current cloud. It is that the economic mediocrity of the recent years constitutes someone's advantage. And that someone is young innovators. All this time, demand has once again been building. As soon as the economy feels reliable, people will go out and make the 2015 equivalent of the early PC.
My son Nathaniel suggests that the next wave of technologies will involve nanotechnologies.

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