The Financial Crisis - Part Two

The current financial crisis is part of a larger realignment going on in the world.  There is a new Age that is beginning and with it comes a new restructuring of many facets of human life.  We are now entering the Shift Age, which is the global stage of human evolution.  This means that many aspects of humanity, certainly economics are being reorganized from the way they were during the Information Age and the earlier Industrial Age.

All year, in this column and in speeches given around the country, I have stated that the economic downturn we are going through must be looked at from a new perspective.  The ‘is it a recession or not’ and ‘is it a bear stock market or not’ is a far too narrow focus for insightful discussion.  There is something much larger that we are beginning to move through.

We are beginning to move into a new global reorganization of human society.  We have known for close to a decade that we are moving …

Last week the Internationale Funkausstellung was held in Berlin.  This is the largest consumer electronics convention in Europe, equaling and perhaps surpassing the CES show that occurs every January in Las Vegas.  One of the central themes behind major new product launches was the Internet and the central role it is now beginning to play in the wirelessly networked home.

This has been something that has interested me for years and a subject about which I have written here and here in this blog.  As recently as five years ago, the topic of convergence was a speculative, hot one in media and technology circles.  The convergence discussed then was would there be convergence of the computer and the television?  Would people ever fully accept viewing television content on the computer?   Well we now have the answer to that loud and clear:  yes! Even Steven Jobs doubted this would happen.  He famously said that the profound difference between computers and televisions was that people leaned forward when interacting with computers and leaned back when watching television and that therefore this content convergence would not happen.  Well it did.

Now this convergence is combining with wireless connectivity to begin to change the connection of technology in the home.  The long predicted vision of technologists and futurists of the home of the future where everything is connected and can be monitored and controlled is now beginning.

Sony introduced plug-in adapters to allow some of its Bravia television sets to connect wirelessly to the …

The human creation of content and the human interface with computers has, for a century, been based upon the use of keyboards. Typewriters, then electric typewriters were used for all forms of written documents be it letters or books. This was used as the data entry for computers in the early days of mainframes.

When the first PCs came along in the 1970s, the keyboard was the method of interface. This was expanded with the introduction of the mouse. What followed was the obvious need to make the human-machine interface more appealing and accessible, so the graphic user interface (GUI) became the next development. Screens with letters and numbers and blinking dots gave way to icons, pictures and animation. This, along with rapidly dropping prices, made the PC and its subsequent family members the laptop and the notebook computers a consumer product with annual sales in the hundreds of millions.

We are now moving to touch and voice interface. This was what was so revolutionary about the iPhone as was discussed here. It points to the touch interface of computers now coming to market. Voice recognition software has now enabled us to speak names for automatic dialing on our phones or in our luxury cars. “Phone home”, famously spoken by ET is now spoken by hundreds of thousands of people every day in this country.

Humanity is now entering the voice and touch phase of interaction with all technology. In speeches I give …

It was just reported that, as expected, there are now more Internet users in China than in the U.S. As of last month there were 253 million Internet users in China as compared to 220 million in the U.S. What is striking is that in just the last year, the number of new users in China was 90 million, or a growth rate of more than 50%. That annual increase in users is more that the total number of users in most countries in the world.

There are several interesting aspects to these numbers. Of course, since China is the most populous country in the world with more than 1.3 billion people, it will ultimately have more of most any category of people, based on size alone. It is interesting that there seems to be an age divide in China. Not only are 70% of the country’s internet users under the age of 30, 90% of the new users in the last six months were high school students. This reflects the fact that the booming economy in China is led and fueled by those under the age of 40 as many of the older generations are still anchored in the past.

It is possible that, if current growth rates continue, China could have twice as many Internet users as the U.S. within two years. It is when that happens that Internet usage in China will bring about significant change. The 253 million Internet …