America’s Slow, Painful Techno-Economic Transition

As highlighted in Ride the Wave by Fred Rogers and Richard Lalich, the U.S. economy is transitioning from the Installation Phase of the Digital Revolution to its Deployment Phase. This transition is particularly painful because the institutions that underpinned the Mass Production paradigm have to be transformed to fully accommodate the new Digital Paradigm. The installation phase of the Digital Revolution that ran from roughly 1971 to 1999 involved digital technologies operating within mass production institutions. But fully realizing the potential of the Dig.....