Vital Concerns for the World: Technological change drives the system.

Tuesday, May 22, 2012

Technological change drives the system.

The long term implications of technological innovations are huge, and the social implications seem these days to become operative virtually as soon as the technology becomes available. China is today's example. Note what is happening to change China: cell phones. From an article on the BBC [5/22/12] by John Sudworth.

Factoid:

· 80 million new subscribers have come online in China every year for the past decade.

· This year, China will overtake America as the world's biggest smartphone market.

· In China an estimated 40% of those connecting to the web now do so solely via a mobile phone.

Sudworth describes some of the social implications of these developments already.

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A major source of the American debt problem

Notable Concerns

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The richest 1 percent of Americans receive more income than the bottom 50%. http://www.politifact.com/truth-o-meter/statements/2010/dec/10/bernie-s/bernie-sanders-viral-speech-says-top-1$ >