In free societies, the mainspring of human progress has been the indomitable ability of man to turn his creativity and energies into better ways of accommodating the needs and wants of society. We owe our standard of living solely to the unfettered development and implementation of technology.
Nothing drives the point home better than studying the timeline of basic technology.
From the discovery several thousands of years ago that the addition of straw makes bricks stronger to mankind s astounding successes in taming space or dramatically improving our condition by advancing the front of medical science, it is fascinating to trace mankind s advances over time. Under any circumstances these milestones would be noteworthy, but to a capitalist society they are especially important. Each major new advance of technology brings with it answers to the questions of how the many needs of the current and future generations will be satisfied of how the next round of wealth will be created. As the basis for economic progress, the impact of technology on human beings has likely been far more profoundly felt in recent years than it was just a few generations ago. A good measure, were such statistics ever developed, would be the longevity of these advances in technology and of the businesses they create.