Innovation is almost entirely absent
post-gazette.com
post-gazette.com
First of all, there's relatively little government disincentive to innovate, but there have been significant government incentives to innovative especially during the Cold War (e.g. ARAPnet, etc).
Second, capital costs and the road to release are generally lower/shorter in software. I think the author makes a good point in mentioning an X prize type challenge - these prizes reduce capital costs slightly, but more importantly by generating publicity the prizes can reduce the road to market.
However, these prizes themselves and even the author's article are an example of the power of the "sexy" social technologies. More people are gaining awareness of x prize type prizes in part because of buzz in online communities. I read this article because it was upvoted on HN. The very social technologies that many people complain are outshining innovation in other realms are creating a worldwide communication/social system that is just now beginning to become the foundation on which other innovations can take place.
The most important pre-requisite to disruptive innovation in a variety of fields is the very innovation in communication that software makes possible.
In short, changing our ways of collecting, organizing, and communicating information is the key to future radical innovations.
A modern engine might only be about 20-30% efficient compared to it's theoretical output but most of the energy loss is not in the engine, it's in the aerodynamic drag. Second is probably driving outside of the optimal power band: exactly what hybrid technology addresses. This was a bad choice by the author to make an otherwise good point.
"Both wind and solar technologies require tremendous capital expenditures before they can be brought to the market and scale up to production. In contrast, a radically improved internal combustion engine could be easily produced with existing industrial capabilities and quickly dropped into the global car production cycle."
This seems to indicate that the author believes that a radical design change could be easily produced. But who's to say that a radical design change wouldn't require radically different capabilities? And as far as I can tell, the ICE has definitely seen improvements in efficiency not only in years where there was government involvement. Sure, it hasn't been "disrupted" with another technology, but that doesn't mean there is no innovation.
And what exactly is a "sexy technology"? How would a radical development in ICEs be less sexy than a radical development in battery tech or solar, or computing?
Turns out, we all win; someone just had to bite the bullet and fork up the sweetener.
But we really should have smelled an opportunity here. Like the article says, what else are we missing?
If you think BP is going to pay anything close to the cost of the Deepwater Horizon spill, you really haven't been paying attention. The fact is that buying a stake in the legislature and the courts provides a much better ROI than investing in cleanup technologies.
Insurance companies don't lose money in the long run, so Exxon paid that money too.
Insurance companies make extra money by charging for more risk than is actually present. One way they can do that is by making certain things a condition of insurability.
Perhaps a small group of people/organizations are open to the change inherent with technology development/deployment, but a large group likes the status quo because they are uncomfortable with the uncertainty that comes with change that may affect them adversely for the short term. The net result would be that the society as a whole is more sluggish to change in a directed manner. Without an explicit high-level mandate like "Every year, we will spend at least 10% of revenue on R&D in such and such an area.", it's harder for things to change.
I might even venture that a society without strong top-level mandates/directives like that is like a a human being who has sensations, and reflexes, but no conscious control over his body, or even self-awareness. This may be an exaggeration but that's an idea.
I think you are right that you have to work hard (which is uncomfortable) in order to achieve anything. People still do it, though, for various motivations.
Think of the graph of the square root of X[1]; as x increases rapidly, the change in Y gradually gets smaller and smaller.
Maybe as advances in technology increase rapidly (as they have for the past many thousands of years), the amount of true innovation gets smaller and smaller as a function of the same changes.
Or maybe I'm just being a math nerd looking too much into this...
And also, I think if something was truly innovative, maybe we wouldn't immediately be aware of it[2].
[1] http://thesaurus.maths.org/mmkb/media/png/Squareroot.png [2] http://www.freakonomics.com/2011/09/09/why-we-desire-but-rej...