This picture practically captures the tangible benefits of capitalism to mankind…
…technology convergence, innovation, productivity impelled deflation et.al. Many gadgets of the past have now been bundled into one that serves to the convenience of the consumers.
Simply incredible.
Of course, the picture does not include the intangible benefits—the better quality of life from the services these gizmos have been providing us.
Professor Russ Roberts rightly calls this picture “worth a thousand words”. Indeed
Yet I am fortunate to have witnessed such progression in my lifetime.
And I further believe that the coming generations will see even more of this, in spite of the intense challenges posed by the archaic welfare based industrial age political system.
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