Tagged: money

Pessimism about potentially life-enhancing technologies is not new. The Twitter account Pessimist’s Archive (a favorite of the internet guru Marc Andreessen) chronicles the unending stream of pessimism with old newspaper excerpts.

Pessimistic reactions range from merely doubtful (such as this response to the idea of gas lighting in 1809, or this one to the concept of anesthesia in 1839) to outright alarmist (such as this 1999 warning that e-commerce “threatens to destroy more than it could ever create”).

In some cases, the pessimists insist that an older technology is superior to a new one. Some, for example, claimed that an abacus is superior to a computer and a pocket calculator, while others claimed that horses are longer-lasting than the dangerous “automobile terror.” {...}

Another frequent complaint is that new technology exacerbates inequality, because the wealthy tend to adopt new technologies first. One article from 1914, for example, laments that “wireless telephones” will only ever “be a boon to privileged persons.” The article was referring to the early wireless radiotelephones being developed at that time, which were not lightweight handheld devices. Today, of course, wireless phones can fit in your pocket, have many more capabilities, and are ubiquitous. Eventually, the free market tends to drive down the cost of technologies, making them accessible to more people.

Of course, some would argue that they were right about cars. On that one, it depends on your metrics. But when we look at how many people automobiles kill, we often forget that not only are they convenient but they save lives. We can argue about how we might have approached the evolution of the automobile differently, but a lot of people die because they can't get to a hospital if everyone is relying on horse and buggy. Maybe we'd be able to compensate with things like food delivery without trucks, but I'm generally skeptical.