ABSTRACT
There have been many inventions throughout history that have transformed ‘old’ slow-moving economies into ‘new’ dynamic ones-and so changed forever the way ordinary people live and conduct business. The railroads of the 1800s, the motor vehicle, the airplane, containerization, TV, computers and the internet are examples of the vehicles of transformation. Vast improvements in welfare have resulted, as great strides in efficiency released resources for better uses. We now enjoy more music, theatre, movies, art, sport and CNN as direct result of technological inventions that have freed mankind from arduous, back-breaking, mundane tasks.
