2min chapter

What Really Matters with Walter Russell Mead cover image

The Age of Apocalypse

What Really Matters with Walter Russell Mead

CHAPTER

The Dangers of Making Complex Bets Based on a Status Quo Perception of What the Technological Frontier Is

The Minitel could only deliver at the end a fairly a finite set of messages. Samuel Morse came along with the telegraph which can transmit anything and do it faster using Morse code and so all of that just is is eclipsed. The closest American equivalent we have to it in some ways is ethanol which was originally done as a way to reduce our oil dependency following the Arab oil embargo and the OPEC price rises. It's now been turned into a not very effective green instrument but remains an extremely effective instrument for putting money into the hands of Iowa farmers something that matters dramatically in American politics every four years.

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