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Flaws in Early Tech, Solved by Later and Better Tech



(p. A2) Mr. Mokyr says innovators gravitate to society's greatest needs. In previous eras, it was cheap and rapid transport, reliable energy, and basic health care. Today, seven of the top 10 problems he says are most in need of innovative solutions are instances of bite-back. They include global warming, antibiotic resistance, obesity and information overload. Fixing these problems may weigh heavily on growth. Yet Mr. Mokyr argues past productivity was overstated because it didn't include those costs.

Nonetheless, he's an optimist. For every unintended consequence one innovation brings, another innovation will find the answer. Fluoridation cured tooth decay, and automotive engineers found alternatives to leaded gasoline. And distracted driving? Driverless cars may take care of that plague before long.



For the full commentary, see:

GREG IP. "CAPITAL ACCOUNT; When Tech Bites Back: The Cost of Innovation." The New York Times (Thurs., Oct. 20, 2016): A2.

(Note: the online version of the commentaty has the date Oct. 19, 2016, and has the title "CAPITAL ACCOUNT; When Tech Bites Back: Innovation's Dark Side.")






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