Following up on the previous post … in the great monopolies of the 20th century, IBM and Bell Labs, to name the big players, maintained great laboratories of innovation. If they were going to be monopolies, they wanted the public to feel they were benefiting from it. We’re still benefitting from much of the innovation today that has come out of those two monopolists in the 20th century.
The robber barons of the 21st century will captivate the public imagination with space travel, supersonic transport, electric cars, and other wonders. They will do their best to bring us the future we were promised, so we will also remain happy with our monopolies and accept their political power.
There has to be a balance. I don’t believe the economic and social policies of the 20th century will achieve what we need, and I notice a lot of the elders in my life are myopically still fighting yesterday’s battles, and settling old scores which don’t honestly matter anymore.
One thing I do believe is that Trump and Obama are both transformative figures. They are two peas in a pod, even if neither they nor their supporters could ever accept that. Both are products of the 20th century post-WWII political arrangement. Sooner than most anyone else, they came to understand the post-WWI arrangement was breaking down. Wishing to make their mark on the world, both are now locked in a struggle to replace that order, but neither of them are really in a position to do so. Something will replace that order, but whatever it will be, and whoever will be its standard bearer, has not fully developed.