This is a great article on the dynamics of rapid innovation and the Law Of Unintended Consequence. NYTimes: An age of constant invention naturally begets one of constant failure. The life span of an innovation, in fact, has never been shorter. . . .The closure of the failure loop has sent uncomfortable ripples through the economy. When a product or company is no longer valued in the marketplace, there are typically thousands of workers whose own market value diminishes, too. Our breakneck pace of innovation can be seen in stock-market volatility and other boardroom metrics, but it can also be measured in unemployment checks, in divorces and involuntary moves and in promising careers turned stagnant. Every derelict product that makes its way into Weird Stuff exists as part of a massive ecosystem of human lives — of engineers and manufacturers; sales people and marketing departments; logistics planners and truck drivers — that has shared in this process of failure.
Posted on: Sun, 16 Nov 2014 13:01:05 +0000
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