In this web conference, Simon Wardley discusses how explosions of industrial creativity rarely follow the invention or discovery of a technology, but instead its commoditization – that is, it wasn’t the discovery of electricity, but Edison’s introduction of utility services for electricity that produced the creative boom that led to recorded music, modern movies, consumer electronics and even Silicon Valley. However, utility provision of electricity did more than just create a new world – it disrupted existing industries (both directly and through reduced barriers of entry). It also allowed for new practices and methods of working to emerge, and even resulted in new economic forms – such as Henry Ford’s Fordism.
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