Erin - thanks for sharing your thinking. I think that you are hitting a nail on the head. As I ruminated on this piece I realised that perhaps a greater focus in society in the coming years should be on building out more of the new business / social models that employ new technology, solutions and ways of thinking, rather than attempting to upgrade / convert existing ones. Incumbents will never vote for change, or being asked to invest again - they have already, and their model works fine as is. Only by either (i) making it some financially disadvantageous, or (ii) changing the regulatory landscape and crowding out the incumbents, can real change happen eg. horse to car, phasing out coal (mining, power stations etc), adoption of the internet etc. Corporations are in the end led by people, and so will react in the same way that people do - approaching new developments with their existing frames of reference, worried about being a first mover, fear of failure etc. Time to focus more on building the new economy / society rather than trying to upgrade all of the old infrastructure (that will be slower and less likely to deliver the change we need). As a result, over time, like we saw in the 1800's and 1900's, we will leave relics behind that were not meant to be sustained.
Erin - thanks for sharing your thinking. I think that you are hitting a nail on the head. As I ruminated on this piece I realised that perhaps a greater focus in society in the coming years should be on building out more of the new business / social models that employ new technology, solutions and ways of thinking, rather than attempting to upgrade / convert existing ones. Incumbents will never vote for change, or being asked to invest again - they have already, and their model works fine as is. Only by either (i) making it some financially disadvantageous, or (ii) changing the regulatory landscape and crowding out the incumbents, can real change happen eg. horse to car, phasing out coal (mining, power stations etc), adoption of the internet etc. Corporations are in the end led by people, and so will react in the same way that people do - approaching new developments with their existing frames of reference, worried about being a first mover, fear of failure etc. Time to focus more on building the new economy / society rather than trying to upgrade all of the old infrastructure (that will be slower and less likely to deliver the change we need). As a result, over time, like we saw in the 1800's and 1900's, we will leave relics behind that were not meant to be sustained.