Archive for July 30th, 2012

Pssst: Al Gore didn’t invent the internet … here’s who did.

July 30, 2012

The Orator-in-Chief touched a nerve with his remark “If you’ve got a business, you didn’t build that. Somebody else made that happen.”

Let’s explore another aspect of the Roanoke Reveal.

One of Obama’s points-of-proof: there wouldn’t be an internet (or internet companies) without the government.

“The Internet didn’t get invented on its own.  Government research created the Internet so that all the companies could make money off the Internet.”
Source

Great piece in the WSJ debunks that assertion.

It’s an urban legend that the government launched the Internet.

The truth is a more interesting story about how innovation happens—and about how hard it is to build successful technology companies even once the government gets out of the way.

For many technologists, the idea of the Internet traces to Vannevar Bush, the presidential science adviser during World War II who oversaw the development of radar and the Manhattan Project.

By the 1960s technologists were trying to connect separate physical communications networks into one global network—a “world-wide web.”

The federal government was involved, modestly, via the Pentagon’s Advanced Research Projects Agency Network. Its goal was maintaining communications during a nuclear attack, and it didn’t build the Internet.

Robert Taylor, who ran the ARPA program in the 1960s has set the record straight: ” The Arpanet was not an Internet. An Internet is a connection between two or more computer networks.”

If the government didn’t invent the Internet, who did?

Vinton Cerf developed the TCP/IP protocol, the Internet’s backbone, and Tim Berners-Lee gets credit for hyperlinks.

But full credit goes to  Xerox.

It was at the Xerox PARC labs in Silicon Valley in the 1970s that the Ethernet was developed to link different computer networks.

Xerox PARC researchers realized they couldn’t wait for the government to connect different networks, so they would have to do it themselves.

It’s important to understand the history of the Internet because it’s too often wrongly cited to justify big government.

It’s also important to recognize that building great technology businesses requires both innovation and the skills to bring innovations to market.

More details in the article.

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Hey, Millennials: Lower your expectations … say, what?

July 30, 2012

Couple of articles caught my eye in the past couple of days that together have me scratching my head …

First, an HBR blast which argued that the best way to reduce stress is to lower your expectations.

Don’t expect much out of life, your friends & family or your co-workers.

If you don’t expect much, you won’t be disappointed and your stress level will be kept in check

Say, what?

Then came a Newsweek article about the economic  jam Millennials are in … with student loans, a bad job market, etc.

Started with an interesting point:

Median net worth of people under 35 fell 37 percent between 2005 and 2010; those over 65 took only a 13 percent hit.

The wealth gap today between younger and older Americans now stands as the widest on record.

The median net worth of households headed by someone 65 or older is $170,494, 42 percent higher than in 1984

The median net worth for younger-age households is a paltry $3,662, down 68 percent from a quarter century ago.

OK, reason for the Millennials to despair, for sure.

And, the proposed  prescriptions?

There’s a  growing notion among economists that the new generation must lower expectations.

For example, the  millennial generation shouldn’t set its sights on homeownership … “because it’s going to be out of reach for so many of them.”

They are understandably more amenable to  government-mandated income redistribution … since so few young people pay much in the way of taxes.

All I can say is: YIPES.

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