The productivity paradox

In a July 2015 interview with Edge, an online magazine, Pulitzer Prize-winning veteran New York Times journalist John Markoff articulated a widespread idea when he lamented the deceleration of technological progress. In fact he claimed that it has come to a halt.i He reported that Moore’s Law stopped reducing the price of computer components in 2013, and pointed to the disappointing performance of the robots entered into the DARPA Robotics Challenge in June 2015 (which we reviewed in chapter 2.3). He claimed that there has been no profound technological innovation since the invention of the smartphone in 2007, and complained...

Reflections on Dubai’s World Government Summit

I lived in Dubai for three years in the early 1980s. The United Arab Emirates (UAE) was a very young country then, but its ambition was clear. The tallest building was the Dubai Trade Centre, at 30 stories. In fact, it was the tallest building in the whole of the Middle East at the time, and many people thought it was a folly: why build a skyscraper in the desert? It was a fair question: the road leading south from the Trade Centre towards Abu Dhabi was flanked on both sides by desert. Now the Trade Centre is a smallish...