Quotulatiousness

September 7, 2023

QotD: Techno-pessimism

Filed under: Business, History, Quotations, Technology, USA — Tags: , , , , , — Nicholas @ 01:00

Unfortunately, by any objective measure, most new things are bad. People are positively brimming with awful ideas. Ninety percent of startups and 70 percent of small businesses fail. Just 56 percent of patent applications are granted, and over 90 percent of those patents never make any money. Each year, 30,000 new consumer products are brought to market, and 95 percent of them fail. Those innovations that do succeed tend to be the result of an iterative process of trial-and-error involving scores of bad ideas that lead to a single good one, which finally triumphs. Even evolution itself follows this pattern: the vast majority of genetic mutations confer no advantage or are actively harmful. Skepticism towards new ideas turns out to be remarkably well-warranted.

The need for skepticism towards change is just as great when the innovation is social or political. For generations, many progressives embraced Marxism and thought its triumph inevitable. Future generations would view us as foolish for resisting it — just like Thoreau and the telegraph. But it turned out that Marxism was a terrible idea, and resisting it an excellent one. It had that in common with virtually every other utopian ideal in the history of social thought. Humans struggle to identify where precisely the arc of history is pointing.

Nicholas Phillips, “The Fallacy of Techno-Optimism”, Quillette, 2019-06-06.

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