07 Apr '11, 5pm

Hey silicon valley eco-geeks. You're forgetting something!

Hey silicon valley eco-geeks. You're forgetting something!

There is one more reason to be skeptical about the capability of technological innovation across a broad range of fields to maintain economic growth, and though I have saved it to the end it is by no means a minor point. As verified in the research of the late Professor Vernon W. Ruttan of the University of Minnesota in his book Is War Necessary for Economic Growth?: Military Procurement and Technology Development , many large-scale technological developments of the past century depended on government support during early stages of research and development (computers, satellites, the Internet) or build-out of infrastructure (highways, airports, and railroads).[6] Ruttan studied six important technologies (the American mass production system, the airplane, space exploration and satellites, computer technology, the Internet, and nuclear power) and found that strategic, large...

Full article: http://www.postcarbon.org/article/299173-moore-s-or-murph...

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