Accelerating Change and Societal Shock
The history of technology is one of disruption and exponential growth, epitomized in Moore’s law, and generalized to many basic technological capabilities that are compounding independently from the economy.
For example, for the past 40 years in the semiconductor industry, Moore’s Law has not wavered in the face of dramatic economic cycles. Ray Kurzweil’s abstraction of Moore’s Law (from transistor-centricity to computational capability and storage capacity) shows an uninterrupted exponential curve for over 100 years, again without perturbation during the Great Depression or the World Wars. Similar exponentials can be seen in Internet connectivity, medical imaging resolution, genes mapped and solved 3D protein structures. In each case, the level of analysis is not products or companies, but basic technological capabilities.
In his forthcoming book, Kurzweil summarizes the exponentiation of our technological capabilities, and our evolution, with the near-term shorthand: the next 20 years of technological progress will be equivalent to the entire 20th century.
For most of us, who do not recall what life was like one hundred years ago, the metaphor is a bit abstract. So I did a little research. In 1900, in the U.S., there were only 144 miles of paved road, and most Americans (94%+) were born at home, without a telephone, and never graduated high school. Most (86%+) did not have a bathtub at home or reliable access to electricity. Consider how much technology-driven change has compounded over the past century, and consider that an equivalent amount of progress will occur in one human generation, by 2020. It boggles the mind, until one dwells on genetics, nanotechnology, and their intersection.
Exponential progress perpetually pierces the linear presumptions of our intuition. “Future Shock” is no longer on an inter-generational time-scale. How will society absorb an accelerating pace of externalized change? What does it mean for our education systems, career paths, and forecast horizons?