We like to believe we live in an era of unprecedented change: technological innovation is proceeding at a rate with no parallel in all of human history. The information revolution and globalization are radically disruptive. Just as Barack Obama would like to be a transformational President, so the rest of us like the idea that we live in a thrilling epoch of transformation. But the truth is that we are living in a period of stagnation.
Surprisingly, this stasis is most evident in an area where we assume we are way ahead of our predecessors: technology.
Next question: Will we recognize if and when the innovation shortfall ends?