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Technology

Peak Oil Is Coming

Change can happen very fast. “Electricity went from less than 5% electric to over 90% in less than 20 years!At the beginning, new technologies take some time to figure out, but once they’re ready, uptake can be vertiginous.” https://unchartedterritories.tomaspueyo.com/p/peak-oil-is-coming

The Dead Economy Theory

Automation and its downsides. “In competitive markets, an automating firm captures the full cost savings from replacing workers but bears only a fraction of the resulting demand destruction. In a market with twenty competitors, each firm feels one-twentieth of the… Read More »The Dead Economy Theory

Inside Nokia’s Race to Catch the iPhone and Android Wave

Being the first is hard and expensive. “Partanen says there was a downside to Nokia’s mobile-phone dominance. “Often, being the first mover is not necessarily the best position,” he says. “Being a quick follower is the best position.”” https://spectrum.ieee.org/nokia-phones-history