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My current favorite theory about what's gone wrong since the 1970s is that we stopped innovating to maximize performance and started optimizing for energy (and resource) efficiency.
Imagine all the cool shit we're gonna build once we have abundant sources of clean energy...

Scientists often bemoan the state of originality in their field. New ideas are getting “harder to find.” Progress in large fields of science and technology is “slowing down.” Scientific knowledge has been in “clear secular decline.” (One wonders about the originality of their bemoaning.) But today’s researchers aren’t getting worse at coming up wit... See more