World Changing Ideas
An idea can change the world, its true. Sneak a glance into amazing work that Intellectual Ventures (www.intellectualventures.com)is undertaking. Nothing short of an amazing company. This is the springboard for positive black swans.
One of TED.com talks from Nathan, founding member of IV follows
Most of the technologies take off soon after they become ridiculously cheap. Adrian Slywotzky calls it Value Migration. You have to look around for cheap solutions that work, polio vaccines, cellphone etc. Prevention is better than cure, nay far cheaper than cure. Eg. cancer, tornado. Tornado especially is a storm without an “off” switch. Came across a really powerful and cheap idea to prevent tornado/twister from creation in first place.
While no one can tell which of these technologies will end up establishing biggest industries around them. I would venture for a long bet, by 2040, few things are pretty certain, days of petroleum industry are limited, currently Exxon Mobil at #2 spot, #1 in 2009, and Chevron at #3 spot in Fortune 500 list would not be in top 50. Biggest industries would be the one we have not even anticipated. Rate of change is accelerating.