Financial crisis or crisis of ideas

Wednesday, September 23, 2009 3:53 AM

by Kostia Khait

I think this idea is not my one and not being new. However it looks rather interesting. For me it looks like current crisis is not a kind of 'financial crisis launched by subprime mortgage problems', but just a crisis of innovation ideas.

Let's see. 1930s... Crisis, Great Depression. 40s... no comments. 50s - years of Big Automotive Dream, cars are the main engine of the progress and trading. 60s - nuclear and space technologies. 70s - no main innovative idea, crisis. Exited with Computer Epoch. 90s - mobile telephony. And with the tail of Cellphones Age, with smartphones and PDAs we entered the new millenium. And get stuck. No new great innovation, driving our mind, which we ready to fund, inflating world economic.

If I am right, there is only one way to completely exit this crisis: to identify another innovative idea which becomes the goal for mass market. The only a problem, typically ideas come themselve, it can not be brought from outside and enforced to the mind. So, waiting.

2 comments:

Anonymous said...

nice to see such a short and interesting post:)

I wonder could it be green energy the next big thing?

Kostia Khait said...

I do not think so. It is too complex concept for mass understanding. I expected the explosion in cloud computing, but as I already wrote, it looks there are more words than really fruitful activities there. So, most probably we will have long recession this time.

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