Forbes interviews Gilder on the future of Big Tech.
Q: One of your lifelong theories, which reaches back to your 1980s bestsellers https://www.amazon.com/gp/product/1596988096?ie=UTF8 and The Spirit of Enterprise, is the role of the human spirit and human agency, something economists and governments donâ€™t see or donâ€™t want to acknowledge.
Gilder: Itâ€™s the greatest of all forces. Think about whatâ€™s going on in the U.S. today, particularly in our university system. As Tyler Cowen describes in his book The Complacent Class, weâ€™ve adopted a kind of ideology of cautionary principles and stationary states. He really puts his finger on it. Weâ€™re not living in an age of boldness and abundance, but in an age of retrenchment and shrinking horizons and careful rearrangements of existing resources. A lot of it is epitomized by this whole idea that unless human beings stop moving, the climateâ€™s going to collapse on us.
The climate-change paralysis has been very destructive, not only to our national economy but particularly to Silicon Valley. Every time I find a company thatâ€™s doing everything right, I discover a peculiar feature of its technology thatâ€™s designed chiefly to stop it from emitting carbon dioxide. And that feature twists the technology into a pretzel, making it less useful and less promising. Take Google. Itâ€™s making an elaborate effort to render all of its massive data centers around the world â€œcarbon-neutral.â€ Theyâ€™re all linked up to various druidical Sunhenges of solar panels or quixotic kites or windmills. I mean, thatâ€™s some archaic way to produce energy!
I think weâ€™re really in the middle of a loss of confidence, a loss of courage that is expressed and perpetrated by a massive expansion in regulations. This began in the Bush era, was vastly expanded during the Obama years, but has now been marginally retrenched. My hope is that the Trump retrenchment signals a truly new approach to the world and the human predicament.