America Lacks Meaningful Innovation

Re:America Lacks Meaningful Innovation by dxbydt on Friday May 13, 2011 @04:30PM (#2546069)

Thanks. The "only 3 innovations have lasted over 100 years" premise isn't original. I first heard it at a graduation ceremony and it made a lasting impact on me. Ofcourse the speaker was very charismatic & way more dramatic than I am :)

But the phrase keeps popping up in several places. For instance, in Hedgehogging, Barton Biggs goes to a pre-2000 tech conference where they famously declare that technology innovations will propel the Dow to 20,000 in 1 year! Biggs calls bullshit & points out that genuine innovation like Air Conditioning & steam engines are once-in-a-lifetime event. He is asked if the internet is a "fundamental" innovation & he disagrees. He becomes a laughing stock. The next year the Dow drops 2000 points.

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Re:America Lacks Meaningful Innovation by shadowsun7 on Friday May 13, 2011 @04:45PM (#2546114)

It pops up in Nicholas Nassem Taleb's works, too: "the technologies that run the world today (like the Internet, the computer and the laser) are not used in the way intended by those who invented them", and: "the three most significant inventions of the past 100 years (...)"

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