This from Carlota Perez is exciting – or terrifying – or both:

“[W]e are yet to emerge from the turning point of the ICT revolution, and the space for shaping the future is much wider than it seems. To give a sense of the range of the viable, we can again look back at the 1930s, the turning point of the last surge. The shaping of the potential of mass production manifested in very different ways under Nazi-Fascism, Sino-Soviet socialism and Keynesian democracies, and with great variations in each – as between Mussolini and Hitler; Russia and China, Sweden and the USA. The present moment, according to the more segmented pattern of history that I have observed, is when institutional innovation is called upon to shape and direct the new technologies.”

So we are now at a turning point “the equivalent of the 1930s, the 1890s and 1840s”. We can choose which way to go – and one of the options is grim.

This is from the third installment of Perez’s excellent series of blogs discussing Erik Brynjolfsson and Andrew McAfee’s The Second Machine Age.

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