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77 years of technology wonders, and the future looks even brighter

March 07 2008 / by futuretalk
Category: Other   Year: General   Rating: 9

By Dick Pelletier

By some fortuitous circumstance this writer was born on October 26, 1930, the day the government announced that world population had exceeded two billion people, so I figure that was me.

In late 1920s, President Hoover announced that “Prosperity is just around the corner,” but he could not have been more wrong. Unequal distribution of wealth in the 1920s and runaway speculation on the stock market was a formula for disaster – and the “Great Depression” was on.

My five siblings and I were raised on a farm near Hermiston, Oregon. Our home had no electricity and few modern conveniences. We bathed in a small tub in the kitchen with little privacy, drank water from a hand pump in the back yard, and made bathroom trips to an outhouse.

In 1938 we finally connected to the electric grid and quickly replaced the outhouse with an indoor toilet, installed electric lights throughout the house, and built an indoor shower. And in 1939, another miracle arrived – our first telephone was installed. The future was becoming incredible!

Jet travel didn’t exist in 1930; a five-day ocean trip was the main way to go from America to Europe, and wireless meant the wood-paneled Zenith radio in the living room.

But America’s mastery of the physical and biological world would grow tremendously. Life expectancy soared from about 50 years in 1930 to nearly 80 today, and the Green Revolution transformed agriculture, which now provides food for a world population that exceeds 6.5 billion.

In late 1930s, President Roosevelt, emboldened by his “New Deal” legislation which ended the depression, authorized the “Manhattan Project”, an aggressive effort to build an atomic bomb and use it to hasten the end of World War II.

Developing atomic energy led to nuclear energy and prompted a demand for machines that could crunch numbers and arrange information; this eventually produced the PC and Internet. Thanks to advances like these, worker output in the U.S. increased an average of 2% per year, raising our standard of living to the highest in the world.

In 1965, Intel co-founder Gordon Moore predicted that computers would double in cost/performance every two years. His correct prophecy became known as “Moore’s Law”, and experts now predict that all technologies advance exponentially.

So a fair question would be: “If over the last 77 years, technology changed our lives so radically, what might we expect in the future?” The following predictions offer some amazing possibilities:

• By 2020. Regenerative medicine, the ability to use organs built from stem cells and modified by genetic engineering, could enable replacement of all body parts damaged by disease and aging.

• By 2030. Molecular nanotech could provide replicators that supply food, clothing, and necessities at little or no cost, and nanorobots that rejuvenate cells, allowing middle-aged and elderly people to regain their health, strength, and youthful beauty.

• By 2040. Robots with massive artificial intelligence systems could outthink humans, sparking human-machine merges. Some refer to this as becoming “transhuman”; others say it is simply the next step in evolution.

Can this “magical future” become reality? Experts believe these miracles will be driven by human needs and could happen in time to benefit many alive today. Comments welcome.

Do you think that projected technology breakthroughs will arrive in time to benefit you?

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Comment Thread (2 Responses)

  1. I’m curious as to how much credence you give to the concept of Generational Dynamics and if, based on your experience, you see us Americans heading into a critical, or Fourth Turning, phase. The current unequal distribution of wealth, sub-prime mortgage crisis, dropping US currency and inefficient infrastructure (public education, govt, health-care) seems to parallel what happened in the 1920’s.

    Posted by: Alvis   March 07, 2008
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  2. No, I do not buy the “Generational Dynamics” concept. Exponentially advancing science and technologies make it extremely difficult to forecast the future or analyze the present by comparing past events.

    The Great Depression started with the massive stock market crash of 1929. It was greatly aggravated by President Hoover’s panicky deficit spending, adoption of protectionist tariffs, and an enormous tax increase in 1932.

    The current stimulus plan shows that both parties still believe that a flood of red ink in Washington is the proper response to economic downturns. Protectionist sentiment in Congress is riding high and opportunistic politicians are itchy to blame foreigners for our economic woes. And if the Bush tax cuts are not made permanent, then their expiration in 2010 will result in a gargantuan tax increase. But even if we sadly repeat the blunders of the Hoover administration, they still wouldn’t be sufficient to sentence us to a 12-year depression like the one that spanned 1929-1941. The tragedy of the 1930s is that markets weren’t allowed to work. First Hoover, then FDR, caused massive economic dislocations through repeated federal interventions. The Great Depression was a case of government failure, not market failure. This is not to claim that free markets don’t experience bumps in the road. Markets bring supply into balance with demand through prices. Any healthy, growing economy will have bankruptcies, shifting employment patterns, etc., but in a market economy, freely set prices quickly balance supply and demand. Even during our country’s pre-Great Depression periods of wrenching economic readjustments, the process generally was over in a year or two. Only government interference with markets can prolong the necessary corrective process and make it last 12 years.

    The main lesson we need to learn from the Great Depression is that government programs prolong rather than correct depressions. Government couldn’t spend our way out of economic problems in the 1930s, and it can’t do it today.

    Google, the Internet, and rapidly-developing nanotech manufacturing processes stand a much better chance of staving off serious recession woes than any government interference. Will the US place its trust in technology? I think it will.

    Posted by: futuretalk   March 07, 2008
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