4 ms·
Might take away on this is that there’s a really long delay from when technology becomes available to when it becomes widespread, and this can mean slower growt
by Robotbeat 5y ago
Might take away on this is that there’s a really long delay from when technology becomes available to when it becomes widespread, and this can mean slower growth than you might expect. Which means there’s a pretty enormous opportunity for accelerating growth by utilizing things that already exist technologically but haven’t permeated through society.
We have pretty amazing electric cars but they’re only like 1% of the global fleet. Solar powers also only 2% of US electricity, and even less than that globally on average. Same for battery storage or even IT innovation. I think in some ways we still haven’t fully absorbed computer technology from 50 years ago. Electric aircraft is similar. A lot of people aren’t even aware that we really have electric aircraft as a technological possibility. We have probably 80 years of growth just to fully utilize lithium battery chemistries, IMHO. Things like mRNA tech are even more important.
I also wonder how events like pandemics and wars facilitate growth (in the form of increasing technology permeation through society) as compensation for the destructive effects of pandemics and wars. In the last year or so we experienced an explosion of infusion of work from home technology and online ordering/home-delivery that probably would’ve taken a decade or 2 to happen otherwise. The trick is to get the advantage of these events without the destructiveness. I don’t think we figured that one out yet.