the Law of Accelerating Returns. « the Kurzweil Library
You will get $40 trillion just by reading this essay and understanding what it says. For complete details, see below. (It’s true that authors will do just about anything to keep your attention, but I’m serious about this statement. Until I return to a further explanation, however, do read the first sentence of this paragraph carefully.) The future is not like the present. Now back to the future — it’s widely misunderstood. Our forebears expected the future to be pretty much like their present, which had been pretty much like their past. Although exponential trends did exist a thousand years ago, they were at that very early stage where an exponential trend is so flat that it looks like no trend at all. So their lack of expectations was largely fulfilled. Today, in accordance with the common wisdom, everyone expects continuous tech progress and the social repercussions that follow. But the future will be far more surprising than most observers realize: few have truly internalized the im