Paul Romer: A Theory of History, with an ApplicationThis is a link to a very interesting and provocative presentation about what is "technology", how different technologies may work together to create unforeseeable outcomes. You are welcome to watch and discuss it here. What do you agree and what do you disagree in the presentation?
Technology started with forming stone or wood something into useful for humanity but now technology became something between Apple (innovator) and the others (followers). I agree with the idea that USA has the best practises of setting the rules of technology and applying it also has the power of attracting the most talented and innovative people around the world.
ReplyDeleteI also agree that Hong Kong might be taken as a model but it needs a deep analysis because Hong Kong has a special situation(colony of Britain and trade center between China and the rest of the world) and therefore might be a outlier not a model. But if it worked for Hong Kong why not work for others? India maybe?
I totally agree that technology provides us new unimaginable opportunities for sharing and consuming by just presenting more products and services against decreasing amount of per person land in the world. More products despite decreasing amount of land and natural resources can only be achieved with the help of technology. For this reason sharability is a key word for it. On the other hand yet, good fitting rules and regulations are inevitably required for the realization and execution of this sharability through technology.
ReplyDeleteOn the other hand however, I am not really sure about how the standard of living is measured as "light per hour worked" in Y-axis which changes also with respect to years in history expressed in X-axis. I think this approach considers only increasing amount of consumption, communication, usage of technological tools of any kind, etc. That is why, it represents the case only from material point of view. New technologies may not always bring happiness to its true followers by only increasing the living standards and sometimes whether brings an increase or decrease in living standards can easily be a questioned as well. It depends on really how you use it. Nuclear weapon technology is an example of this argument for instance.
Technology affects people and it is affected by people because of interaction. It leads to exponential growth on technology and usage of it in society. From this perspective, we can attain the result that costs of technology should be reduced because of usage amount. There is not any mention about it. Moreover high technology usage brings its own needs as regulation, but after it is claimed that rules may limit the usage and growth of technology. However needs for rules are determined after usage, so it should not be asserted that rules modify and manipulate technology, because it is created after technology evolution.
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