As I’ve been getting ready to actually return back to Silicon Valley after two years I’ve got this feeling in my gut that something is terribly wrong if Europe adopts Silicon Valley’s metaphor for success.
One of the ways that industrial revolutions are interesting to think about is that they look differently depending on how and where you see them from. They look different whether you see them from Europe or Asia or Africa. But regardless of time or place, economists and historians generally tend to look at industrial revolutions through the lens of innovation. And in my short talk today I want to encourage a different way of thinking about this.
I applied and went over and they just talked to us a little bit. We never saw the machine or anything. So then they called us in and Herman Goldstine, who was the Army officer liaison coming in from Aberdeen, interviewed me. So Herman said to me, “What do you think of electricity?”
So I said, “Well, I had a physics course and I knew that E=IR.”
So he said, “No, I don’t mean that. I don’t care about that. Are you afraid of it?”