Forums  > Off-Topic  > Why isnt there innovation in many sectors (relating to Thiel lecture)  
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Total Posts: 276
Joined: Mar 2018
Posted: 2019-11-28 16:18
Why isnt there more innovations in sectors other than tech or finance?


Total Posts: 3469
Joined: Jun 2004
Posted: 2019-11-28 17:35
What about CAS9 ?
It's a pure biology.

The older I grow, the more I distrust the familiar doctrine that age brings wisdom Henry L. Mencken


Total Posts: 850
Joined: Jun 2005
Posted: 2019-11-28 18:04
tech is new or it is always about new
finance... it is a continuous battle about margin. nobody wants to give it up, unless someone takes his stream of cash.


Total Posts: 512
Joined: May 2006
Posted: 2019-12-04 10:46
Sounds like the "no true Scotsman" fallacy - if it innovates, we call it tech, therefore tech is innovative.

"There is a SIX am?" -- Arthur


Total Posts: 1195
Joined: Feb 2007
Posted: 2019-12-04 13:45
I think a better question is why aren't there any innovations even in tech and finance. I wrote about this in a fairly public way 10 years ago and everyone got mad at me and waved their ipotato around. Oh yeah, then Tyler Cowen ripped the idea off without attribution and wrote a book on it. Financial innovation is pretty terrible; cheap money and the FIRE position as rentiers keeps it that way.

Since then, Fracking has become an important economic driver. Blockchain is an authentic 2009-2019 innovation. Whether or not it's useful for anything besides bypassing the banking system remains to be seen; most of the use cases touted for it are problematic. Then again bypassing the banking system is quite a good trick. Also my ipotato now has 3 cameras on it.

"Learning, n. The kind of ignorance distinguishing the studious."
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