I recently added a fascinating book titled Technology Trap to my Book Library. Author Carl Benedikt Frey has done some important work in partnership with Michael A. Osborne evaluating the impact of automation on the Future of Work. In this new work of applied history, Frey draws on past revolutions to look at possible corollaries. It was Winston Churchill that said: The further Backward you Look, the Further Forward you can See. That quote has stuck with me, prompting my Looking back to see Ahead. Here is the book abstract:
Future thinking has often focused on a three-horizon framework that allows for the continued advancement of core business, while planning for emerging opportunities. I believe the challenge these days is time compression associated with rapid advancement. When someone says to me: “I’m not worried about five years from now”, my reaction is always the same. What looks to be five years out is likely only 18 months away: A phenomenon I describe in this piece on Acceleration.
When presenting a story of possible futures, I always start with a short journey through the past. The past represents a possible window to the future. Major events throughout history have brought out the best and the worst of humanity. Leaders have emerged in the most difficult of times – and tyrants have as well. A recent book by Alan Greenspan and Adrian Wooldridge explores the history of Capitalism in America. Robert J. Gordon took a similar journey in his highly acclaimed book titled The Rise and Fall of American Growth. Whereas the authors of Capitalism in America explore the full American journey, Mr. Gordon focuses on what he considers a special century: 1870-1970. Both books highlight the astounding innovation that occurred in the late part of the 19th century and the early part of the 20th. These innovations improved our standard of living, while the major societal forces of that era (World War One, The Great Depression, and World War Two) presented many challenges. Continue reading