December 17, 2012

VIRGINIA POSTREL: No Flying Cars, but the Future Is Bright.

Such warnings serve a useful purpose. Political barriers have in fact made it harder to innovate with atoms than with bits. New technologies as diverse as hydraulic fracturing and direct-to-consumer genetic testing (neither mentioned by Thiel) attract instant and predictable opposition. As Thiel writes, “Progress is neither automatic nor mechanistic; it is rare.”

But the current funk says less about economic or technological reality than it does about the power of a certain 20th-century technological glamour: all those images of space flight, elevated highways and flying cars, with their promise of escape from mundane existence into a better, more exciting place called The Future. These visions imprinted themselves so vividly on the public’s consciousness that they left some of the smartest, most technologically savvy denizens of the 21st century blind to much of the progress we actually enjoy.

Read the whole thing.