Nixing Technological Lock In – Economics from the Top Down
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Tech development is often portrayed as an open road — a smooth freeway of continuous progress. But the truth is that the road of technology is more like a suburban street, paved with numerous unmarked dead ends.
To see one of these dead end, look at roads themselves. As a method for moving people, roads work well … until you fill them with millions of cars. Then, even the most massive freeway becomes a cul-de-sac — a dead-end technology out of which we must reverse.
This de...
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