The Lesson of 1975 for Today's Pessimists - WSJ - 0 views
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out of the depths of the inflation-riddled ’70s came the democratization of computing and finance. It feels to me as if we’re at a similar point. What’s going to be democratized next?
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Start with quantum computing, autonomous vehicles and delivery drones. Even the once-in-a-generation innovation of machine learning and artificial intelligence is generating fear and doubt. Like homebrew computers, we’re at the rudimentary stage.
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Especially in medicine. Healthcare pricing, billing and reimbursements are completely nonsensical. ObamaCare made it worse, but change is beginning. Pandemic-enabled telemedicine is a crack in the old way’s armor. Self-directed healthcare will grow. Ozempic and magic pills are changing lives. Crispr gene editing is also rudimentary but could extend healthy life expectancies. Add precision oncology, computational biology, focused ultrasound and more. The upside is endless.
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