The Inevitable: Understanding the 12 Technological Forces That Will Shape Our Future

by Kevin Kelly

A similar thing happened with free markets over the past century. Every day someone asked: What can markets do better? We took a long list of problems that seemed to require rational planning or paternal government and instead applied marketplace logic. For instance, governments traditionally managed communications, particularly scarce radio airways. But auctioning off the communication spectrum in a marketplace radically increased the optimization of bandwidth and accelerated innovation and new businesses. Instead of a government monopoly distributing mail, let market players like DHL, FedEx, and UPS try it as well. In many cases, a modified market solution worked significantly better. Much of the prosperity in recent decades was gained by unleashing market forces on social problems.