Driveless cars, humanoid robots, 3D printers and the Internet of Things are just a few of the many technological developments that are increasingly converting science fiction into everyday reality. A recent book The Second Machine Age’ by Erik Brynjolfsson and Andrew McAfee argues that as extraordinary as these changes are, these are merely warm-up acts of a broader 'second machine age' that is already transforming us and is poised to sweep us off our feet in the near future! The first machine age was characterized by muscle power epitomized by the steam engine and its descendants. In the second machine age, computers and other digital advances are increasing use of our brains, enabling us to understand and shape our environments. This is vast and unprecedented boost to mental power means that we are at an “inflection point” in the history of economies and societies. Crucially it is an inflection point in the right direction - bounty instead of scarcity, freedom instead of ...
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