Technological Advancement Quotes
A startlingly bad prediction by a Nobel-prize winning economist particularly given it was stated in 1998 rather than a much earlier date when the potential of the Internet wasn’t already apparent. Ironically, the quote is from a Red Herring article he wrote titled “Why Most Economists’ Predictions Are Wrong” in which he asserts that most economists predictions are wrong because they overestimate the impact of future technologies. This quote is part of a longer, equally incorrect quote: “The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law' becomes apparent: most people have nothing to say to each other! By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.” See related quotes.
Tesla was one of the great American immigrant scientists. He found in America the kind of intellectual and operational freedom that did not exist in the rigid, monarch-controlled, Austro-Hungarian Empire. He developed patents and techniques that formed the technological bases of radio, telephone long distance, TV, cell phones, Wi Fi, just to name a few. Most important he was Thomas Edison’s great nemesis. Edison invented DC electric generators that could power factories or entire streets in a neighborhood. Tesler invented and developed AC electrical technology which could power entire cities and he could move electricity over long distances. Tesler was the first scientist to conceive of an try to implement “Big Science” where there were huge capital investments to develop machines and systems to do what had never been done before—philosophically like the CERN Hadron Collider. Tesler even convinced a large corporation to finance the construction of a massive building and tower so he could experiment with the wireless transmission of electricity. However, as the industrial democracies have learned Big Science can only be funded by governments and it often takes sever working in consort to afford the huge investment that is required. In Tesler’s era, the federal and state governments did not fund scientific research so his was not only technically ahead of his time but also conceptually. He anticipated most of the problems and need for a national power grid that was challenging America even at the beginning of the 21st century.
