The Tumultuous Birth of Our New Golden Age

TREND #1 Beginning around 1771, per capita income and quality of life began to rise in five unprecedented waves which we refer to as Techno-Economic Revolutions. Each wave was enabled by a general-purpose breakthrough technology such as the steam engine, the railroad, the assembly line and now, the digital computer. And the hallmark of each of revolution was an extraordinary surge in productivity giving everyone access to more, with less effort. Few so-called “experts” truly appreciate the implications of harnessing Techno-Economic Revolutions. When we published Ride the Wave in 2013, our objective was to prepare managers, consumers and investors to harness the forces of change when the Fifth Techno-Economic Revolution inevitably evolved from its Transition Stage (or Turning Point) into...

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