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Moral Hazard
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of jack
Jul 1999 time: 01:37
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Just like in Civilization the further we go in technology the greater the cost. Of course also like Civilization our increased wealth helps us pay for these increased costs.
The question is what happens when the costs outweigh the benefits we will receive? Will society scale back on technological investments? Or will we like in medical continue to throw dollars away to prolong death. (Terry Schaivo, of course)
Any way I was reading a biography of Jefferson^1 and the author mentioned that at that time Americans, especially Jefferson viewed the west as unlimited, in the same way many of us view technology.
I was also struck by the general thinking of the time, instead of looking to the future, people looked to the past. Imaginary in the case of Jefferson, who followed the Whig historians in believing that in the begining of England, Anglo-Saxon farmers were a free and utopian society. Also that the American revolution was not a step forward, but a step to restore the proper order. The French revolution also started in the same manner, at least according Schama (Citizens).
So the question is without the vast changes technology is bringing would we also look to the past, and not be forward looking. Also as asked previously what happens when the costs outweigh the benefits we will receive? Will that ever happen?
^1 American Sphinx, good book, not recommended if you haven't read anything previously about Jefferson as it skips large portions of his life.
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trev
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Adelaide, Australia
Feb 2003 time: 15:07
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The return from technology improvements have been increasing in recent decades, not decreasing, as increasing globalization has helped technology to spread throughout the whole world much quicker than in the past. new technologies that in the past would have taken a decade to get to the far reaches of the globe now may only take a year. Also there is a increasing focus on commercializing technologies rapidly, helping to bring quicker returns also. In the absence of any signs that this trend is changing, I would say that new technologies will continue to come quicker and faster and with a quicker payoff, which matches with civ2 in particular where technological growth in the later stages of the game normally gets down to nearly 1 turn per tech.
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Whoha
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The TOC is supposed to be classified guys...
Dec 2001 time: 23:37
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quote: Originally posted by Moral Hazard
Just like in Civilization the further we go in technology the greater the cost. Of course also like Civilization our increased wealth helps us pay for these increased costs.
The question is what happens when the costs outweigh the benefits we will receive? Will society scale back on technological investments? Or will we like in medical continue to throw dollars away to prolong death. (Terry Schaivo, of course)
Any way I was reading a biography of Jefferson^1 and the author mentioned that at that time Americans, especially Jefferson viewed the west as unlimited, in the same way many of us view technology.
I was also struck by the general thinking of the time, instead of looking to the future, people looked to the past. Imaginary in the case of Jefferson, who followed the Whig historians in believing that in the begining of England, Anglo-Saxon farmers were a free and utopian society. Also that the American revolution was not a step forward, but a step to restore the proper order. The French revolution also started in the same manner, at least according Schama (Citizens).
So the question is without the vast changes technology is bringing would we also look to the past, and not be forward looking. Also as asked previously what happens when the costs outweigh the benefits we will receive? Will that ever happen?
^1 American Sphinx, good book, not recommended if you haven't read anything previously about Jefferson as it skips large portions of his life. |
people are always going to think that the bleeding edge is cool stuff, so no matter how much it costs we are going to do it.
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MRT144
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Seattle Washington
Oct 2002 time: 21:37
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moral, they were just improving on past inventions...
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DanS
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Kickball Capital of the World
Jan 1970 time: 00:37
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quote: The single inventor can no longer further technology in the way that Edison or Eli Whitney could. The best they can hope to accomplish is a pot that can cook and drain pasta. |
Obviously, if you're researching cooking and draining pasta product improvement (a narrow subject matter), you will most likely have product improvements in this area. It was always like this. But I think you are giving us too much credit by assuming that we know more than we know. There's a lot of virgin territory for motivated and genius scientists and inventors.
Also, Edison's inventions were done with a fully-staffed laboratory. He wasn't a "single inventor" per se.
Last edited by DanS on 22-03-2005 at 04:38
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