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The tech isn't as important to the economy as much as the ability to scale, given current (or historic) technological costs. Transistors theory and gate logic
by beerandt 6y ago
The tech isn't as important to the economy as much as the ability to scale, given current (or historic) technological costs.
Transistors theory and gate logic haven't fundamentally changed in decades, but would you say computing hasn't quickly changed?
Alternatively, we can bombard lead with protons to make gold, or generate net energy via fusion reactions, but alchemy nor fusion are currently economically impactful on the global market, except maybe as a line item for research.
People underestimate the importance of efficiency and economics when looking at things in a purely technological perspective.
- Retric 6y agoYeager broke the sound barrier in 1947 meanwhile Palmer the last bulk cargo sailing ship was profitable at the time and only sunk in 1957. That’s the difference between technology and infrastructure. The world was largely built on older technology, you still see 3.5 inch floppies all over the manufacturering sector. So sure modern CPU’s are fast and cheap, but they changed the world much less than you might think. Today’s wealth was mostly built on yesterday’s technology and infrastructure.