We begin this morning by noticing that there is not much out there in the way of true innovation., anymore.
In order to get a handle on how global economics will play out, you can look at “the innovation problem” as a great predictor.
Take Television for example:
It started off as black and white. Then it evolved to Color. Then came rear projection. Next DLP and Plasma. Then LED, and the current battle is raging over ultra high resolutions, like 4K.
The problem that television has is simple: A lack of fundamental innovation.
From a systems perspective, television was first and foremost, a “remote picture” concept.
Then color picture.
Now it’s higher quality picture.
And then will come 3D picture, but the core breakthrough will always be “pictures at a distance.”
When you see decisions that prevent live television from being streamed, what you’re really seeing is defense of the old paradigm for economic reasons. The country is not yet ready for the local VHF TV station to sign off – there would be no web site in Milwaukee, for example, with a news helicopter.
Or will there be?
You see? That is how innovation works, and few books are more revealing that Everett Rogers’ Diffusion of Innovations, 5th Edition.
Remote pictures are just one of the framing concepts of today’s world. Another is “portable music” – and that’s behind more software (players), devices (iPod, MP3 players) boom boxes, blue teeth – the list never stops.
The fundamental insight, however, was what? Portable Music.
Cars – which are holding up the entire economy if the retail figures out this week mean anything – are another fine example.
The Wikipedia entry on the “History of the Automobile” over here, is a fine read.
Viewed through the viewport of the systems engineer, we see that the evolution of cars has been painfully slow.
Four wheel cart gets a steam engine. Four wheel cart gets internal combustion engine.
Now, on a recent trip, we come to discover that the major differences in most cars these days is “how the mouse works.” The mileage, performance, suspension, automatic transmission and air conditioning are pretty event across brands.
I wanted to remind you of this fundamental versus incremental stuff because it has everything to do with where the global economy goes next; up or down.
I remember hearing a speech back in the 1980-s by Craig McCaw. He articulated a wild (for the times idea) we will move into a world where everyone will have a phone number. Radical claim when there were pay phones on every corner and wireless was a dream. Yet here we are in the global smartphone village.
Companies and brands rise and fall by their innovations. General Electric rose on heavy industrial electrical goods. Microsoft on its operating system. Apple on its user interface, and Lexus on absolute quality. Campbell’s soup is still what kind of good?
If you want to rock and roll – soar in your professional life and investment decisions, a little time spent on the weekend thinking about where your choices are in terms of innovations and how you participate, is likely time well-spent.
Oh, and right now the world desperately needs a “keen new insight” that will – Like McCaw’s vision – be totally obvious once stated.
Find that company and invest all you can, even yourself if you can land a job with ‘em – because that’s how giants of the future are born and the best way to live is growing up with a giant.
The reason we have Minimalism taking off is we don’t have any new sizzle and we’re serving 20 to 60-year old steak. Minimalism can crash the economy.
Political Crap is just That
No you don’t.
This is the time of life when being a serial victim of politics is really no fun. Yet we are.
We are retired (at least on paper), over 66 (unfortunately, also on paper), we own our own home, and have some disposable income. We is fodder for the political machine.
That uniquely ‘Merican political money machine. So in response to the first email of the morning:
Dear Demoncratic Wannabe:
I charge $250,000 for an appearance, but that includes 10-minutes of speaking.
My 20-minute speech option is only $50,000 more – and it will all go to my campaign.
It goes without saying that private jet travel and a limo are thrown in, 6-bottles of water on the podium and links to my fun-raising campaign. Medallion de Beouf over noodles with a wine and sour cream sauce after. Dom, of course.
Oh. Unless you are planning to hire me, take me off your damn list.
Ures truly
(Next email, please?)_
Dear Emily’s List
Ya’ll are playing the sex card. Sex belongs between consenting adults, not in fund-raising emails, as I see it.
Personally, I don’t like all kinds of discrimination (racial, sexual, religious, preference, etc.). I find it disgusting and counter to the goals of unity and equality.
Since you are playing Divide and Conquer – another lowlife approach to politics, remove me from your list – second notice.
Ures truly
Lest you think I am picking on the Clintonistas, I am equally cynical when it comes to the repugnant party. You have to know someone’s campaign is in the deep doo-doo when they start endorsing moon bases as a campaign ploy. Look, it’s a MoonJeb.
We live in a country where we are basically facing the same problems we faced in 1945. Russia was a threat, China was a question, we had mounds of federal debt, and a burgeoning depressionary feel to the place. Lack of jobs and on and on…
Fast-forward 70 years and we are what? Facing the same damn problems: Russia, China, and a mountain of federal debt. Plus we have pissed off so many countries, I’ve lost count.
Since what we have been doing hasn’t worked, I will again wheel out the white board (sniffing some marker fumes on the way) and offer a way to clean up the systemic corruption that has afflicted America like a political version of H. Pylori bacteria. You know – the bacteria that causes ulcers…
1. We need to reform the vote. In the early days of America, the landowners were the only ones with the franchise. Problem is: When you throw the electoral process open to those who don’t have to pay for it, you stand in harms way: the free lunchers will vote working people into unemployment through higher taxes in order to pay for their laziness.
In Ure’s world, only working people, or those receiving Social Security after working some years would be allowed to vote…and no foreign immigrants would be allowed to receive Social Security or SSI unless they meet the same work requirements (x quarters of work) in order to receive benefits.
Ures truly figures that if coming to America meant land of opportunity, but only if you jump in the melting pot and work hard (like it used to) a lot of freeloaders would simply leave.
Sadly, the number of illegal immigrants deported and returned has collapsed under the (illegal) executive amnesty and sanctuary cities nonsense which will – over time – break the US budget as explained in the lead story this morning.
2. We need to turn off election money machines and kill political action committees. This would be simply done by a) barring any out of district money for any office and b) no campaign contribution more than $10 per named person for the national office of President.
Throw out Citizens United by law.
3. End the two party system such as it malfunctions now. In the early part of American history, the President was the fellow who got the most votes. The Vice President was the number-two vote-getting, regardless of party.
That worked for the longest time…
4. Either do away with the Electoral College, or bind them to the popular vote of their state because right now, Electors are not bound and that’s as crooked as you get.
As Wikipedia points out:
Prior to 1913, U.S.
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