Michael Arrington Quotes
I want something completely new and different to happen, and lots of it. Stuff that makes us change the way we think about a market or the world. Something that inspires a new generation of crazy startups doing crazy things.
Arrington, Michael. TechCrunch, AOL, 2010.
While this is often true, it is another Mises exaggeration using the word “every” in this quotation. Darwin’s theory of evolution was immediately accepted by most other scientists and intellectuals. The opponents then were the religious fundamentalists. The same is true today. Einstein’s Theory of Relativity was accepted by most other scientist as soon as they read it and worked out the mathematics. That was before there was any physical or experimental evidence, which did not come till 1919.
He was referring to the institutions in the particular fields. An established institution in education like a university might develop an innovation in astronomy or language translation, but not likely develop significant innovations in education. An established computer programming company might innovate the method of warehousing and shipping merchandise, but they are not likely to develop an innovative way of computer programming. That is typically done by a programming non-established firm or individual. There are a number of exceptions and this is not put forth as a general principle, but as a statistical observation. Established institutions are working harder and smarter to find ways of innovating regularly, and may succeed more frequently than the present.
J. Michael Arrington is the American founder and former co-editor of TechCrunch, a blog covering the Silicon Valley technology start-up communities and the wider technology field in America and elsewhere. Magazines such as Wired and Forbes have named Arrington one of the most powerful people on the Internet. In 2008, he was selected by TIME Magazine as one of the most influential people in the world.