Tech & Economic Transformation: Idealised Sequence

This lecture explores the idealised sequence of technology and economic transformation, covering changes in jobs, value creation, socio-economic-political changes, backlash, and government resolutions. It delves into historical narratives such as the UK Great Transformation, the Agricultural Revolution, job shifts from farm to factory, and the impact of automation and globalization. The lecture also discusses the 2nd Industrial Revolution, the shift of value creation from land to capital, upheavals, and the consequences of transformation on societies, including the Luddite and Swing riots. It further examines the backlash and resolutions that followed, such as protectionist measures, the impact of the ITC Revolution, and the rise of the intangible economy.