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Seeing the Sixth Revolution for What It Is
We are seven years into the beginning of what analysts at BofA Merrill Lynch Global Research call the Sixth Revolution. A desk by using Carlotta Perez, which was offered throughout a current BofA Merrill Lynch Global Research luncheon hosted by way of Robert Preston and Steven Milunovich, outlines the revolutions which are surprising in their personal time that result in the only wherein we find ourselves.
1771: Mechanization and stepped forward water wheels
1829: Development of steam for industry and railways
1875: Cheap metal, availability of power, and using metropolis gasoline
1908: Inexpensive oil, heavily produced inner combustion engine motors, and conventional strength
1971: Expansion of information and tele-communications
2003: Cleantech and biotech
The Vantage of Hindsight
Looking returned at 1971, we understand that Intel’s creation of the microprocessor marked the beginning of a new generation. But in that year, this intended little to humans looking Mary Tyler Moore and The Partridge Family, or taking note of Tony Orlando & Dawn and Janis Joplin. People might consider humanity’s first steps on the Moon, establishing family members among US and China, possibly the a hit completion of the Human Genome Project to 99.99% accuracy, and likely the birth of Prometea, the primary horse cloned by means of Italian scientists.