Because through the cloud, through crowd sourcing, through the bottom-up world that we've created, where not just the elites, but everybody is able to have their ideas and make them meet and mate, we are surely accelerating the rate of innovation.
Well, you look at modern hunter gatherers like aboriginals, who quarried for stone axes at a place called Mt. Isa, which was a quarry owned by the Kalkadoon tribe.
a group or class of persons enjoying superior status
Because through the cloud, through crowd sourcing, through the bottom-up world that we've created, where not just the elites, but everybody is able to have their ideas and make them meet and mate, we are surely accelerating the rate of innovation.
I am of course quoting from a famous essay by Leonard Read, the economist in the 1950s, called "I, Pencil" in which he wrote about how a pencil came to be made, and how nobody knows even how to make a pencil, because the people who assemble it don't know how to mine graphite.
(Laughter) And astonishingly, if you look at what actually happened in my lifetime, the average per-capita income of the average person on the planet, in real terms, adjusted for inflation, has tripled.