We are seven years into the start of what experts at BofA Merrill Lynch Global Research call the Sixth Revolution. A table via Carlotta Perez, which was introduced during a new BofA Merrill Lynch Global Research lunch get-together facilitated by Robert Preston and Steven Milunovich, diagrams the unrests that are sudden voluntarily that lead to the one in which we get ourselves.
1771: Mechanization and improved water wheels
1829: Development of steam for industry and railroads
1875: Cheap steel, accessibility of power, and the utilization of city gas
1908: Inexpensive oil, mass-created inward ignition motor vehicles, and general power
1971: Expansion of data and media communications
2003: Cleantech and biotech
The Vantage of Hindsight
Glancing back at 1971, we realize that Intel’s presentation of the microchip denoted the start of another period. Yet, around there, this implied little to people watching Mary Tyler Moore and The Partridge Family, or tuning in to Tony Orlando and Dawn and Janis Joplin. Individuals would recollect humankind’s initial steps on the Moon, opening relations among US and China, maybe the effective culmination of the Human Genome Project to 99.99% precision, and conceivably the introduction of Prometea, the primary pony cloned by Italian researchers.
As per Ben Weinberg, Partner, Element Partners, “Each day, we see American organizations with promising innovations that can’t convey their items in view of an absence of obligation financing. By filling this hole, the public authority will light the mass arrangement of inventive innovations, permitting advances going from modern waste warmth to post mounted sun powered PV to demonstrate their financial aspects and gain validity in the obligation markets.”
Flying underneath our aggregate radar was the principal floppy plate drive by IBM, the world’s first email sent by Ray Tomlinson, the dispatch of the main laser printer by Xerox PARC and the Cream Soda Computer by Bill Fernandez and Steve Wozniak (who might discovered the Apple Computer organization with Steve Jobs a couple of years after the fact). https://www.nkud.com