Posts Tagged ‘Jules Verne.’

David Graeber on the lack of flying cars

September 21, 2014

David Graeber, the brilliant anarchist-anthropologist, wrote about possible reasons why technological progress seems to be slowing down, and why the science fictional dreams of his boyhood did not come true like the dreams of H.G. Wells and Jules Verne.

David Graeber

David Graeber

One is that American institutions are reshaping themselves on the model of the for-profit corporation, where everything has to be justified on its potential for short-term profit.  If you have to show in advance what you intend to invent, and its guaranteed cash value, you’re not going to invent anything very new.

Another is that the government and corporate elite is not interested in radical new technologies that will disrupt the power structure.  So research is focused on high-tech automated weapons, on surveillance technology, on psychiatric drugs to keep us calmed down, and on special effects, virtual reality and electronic gadgets to keep us distracted.

Yet another is that the payoff from technology, in terms of profits, is reaching a point of diminishing returns, which, by the way, is something Karl Marx predicted.

I strongly recommend reading the whole thing.  Click on Of Flying Cars and the Declining Rate of Profit to read it.