This notion that we should always invest in Technology because it changes our lives, gives Technology companies overly flattering credit for everything all other industries have contributed to for centuries.

If ppl are fascinated with how much they can do on their cellphones, I am still fascinated with:
1) Telephony: we were able to call people on different continents for 150 years now
2) Electricity light bulbs keeping the light after the dark
3) Internal Combustion Engine: we no longer have to use a horse to carry a heavy load

4) Energy: oil developing companies can drill 2 kilometers underwater, then go 1 km deep, then another 0.5 km in the sea salt, then twist the cable and drill another 3 kilometers horizontally and hit a specific oil field with an accuracy of 2-3 feet. That is Technology!
5) Space Travel: we landed a man (he) on the Moon – probably, the biggest hallmark achievement of the 20th century.
6) but let’s go to the mother of all inventions – the Wheel. The wheel was invented in the 4th millennium BC in Lower Mesopotamia (modern-day Iraq) – a major center of innovation and Venture Capital activity back then….

After these and many, many others truly breakthrough revolutionary achievements, looking at the venerated iPhone is like:
“sure, looks sleek, what is the big deal here…”

This notion that we should always invest in Technology because it changes our lives, gives Technology companies overly flattering credit for everything all other industries have contributed to for centuries.

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