Responding to an article in Vanity Fair by Kurt Andersen, Cowen lists a few things that must be taken into consideration:
1. Movies: The Hollywood product has regressed, though one can cite advances in 3-D and CGI as innovations in the medium if not always the aesthetics. The foreign product is robust in quality, though European films are not nearly as innovative as during the 1960s and 70s. Still, I don’t see a slowdown in global cinema as a whole.
2. TV: We just finished a major upswing in quality for the best shows, though I fear it is over, as no-episode-stands-alone series no longer seem to be supported by the economics.
3. Books/fiction: It’s wrong to call graphic novels “new,” but they have seen lots of innovation. If we look at writing more broadly, the internet has led to plenty of innovation, including of course blogs. The traditional novel is doing well in terms of quality even if this is not a high innovation era comparable to say the 1920s (Mann, Kafka, Proust, others).
4. Computer and video games: This major area of innovation is usually completely overlooked by such discussions.
He also includes something which — at least for me — counts as a “killer app” for this kind of discussion:
7. Your personal stream: This is arguably the biggest innovation in recent times, and it is almost completely overlooked. It’s about how you use modern information technology to create your own running blend of sources, influences, distractions, and diversions, usually taken from a blend of the genres and fields mentioned above. It’s really fun and most of us find it extremely compelling
That “personal stream” is so pervasive that we generally don’t notice that it’s a hallmark of the modern era. We don’t get our news from single sources anymore: not just a single local newspaper, or a single TV newscast. We can easily find like-minded communities for just about all our niche interests with relatively minimal effort. In the past, such communities were severely distance-challenged to even form, never mind to thrive.
That we now can easily control and direct our personal streams to include and exclude in such fine gradations is something that few could even imagine 20 years ago. In a sense, we all have “clipping services” providing us with interesting and relevant snippets, but we can literally have hundreds of such services — at little or no cost — to chase down our merest whims for fresh information. It doesn’t show up on the GNP as a gain, but it’s very much a differentiator between today and just a few years back. Yet we don’t notice because we’re immersed in it.
