Impossible Dreams

Are there limits to technology?

Photo: NASA. Source: Wikipedia

Ever since we began to use simple tools, people have been fascinated with technology. But technology also represents a danger. The same tools that lift us from the mud can destroy our fortunes. A hoe can uproot as well as plant. The Ancient Greeks described this ambivalence in the story of Prometheus, who brings fire to humanity in defiance of Zeus and is punished for his act.

People have always been both captivated and challenged by technology. Like many, I grew up watching Star Trek on television, thrilling as Captain Kirk and the crew of the Enterprise explored “strange new worlds.” Science fiction is a way for us to imagine the potential gifts of new knowledge: faster-than-light travel, teleportation, food-synthesis. The possibilities seem endless.

But there are always problems. Fire burns. Klingons go to war with humans. There’s trouble with tribbles. In the late 19th century, displaced workers smashed the power looms that did their jobs. In our day, we give up our privacy to access new smart-phone apps; self-driving cars may put taxi-drivers out of work

Luddites attack a Jacquard loom. Source: Wikipedia

Today these fears often focus on the possibility of a “singularity,” the point where computers may become self-aware and super-intelligent, radically changing civilization. There’s even a “Singularity Summit” every year to discuss the implications. Some think a singularity is possible in as little as five years.

Technology’s problems are humanity’s problems. Weapons that help us gather food can also be used to hurt others. “Man is born to trouble as the sparks fly upwards,” the book of Job says. But there will always be something new. The human mind is virtually infinite in its capacity to imagine. These ideas must be tempered, though, by our core human values: freedom, justice, and respect.

Douglas R. Tengdin, CFA
Chief Investment Officer
Phone: 603-224-1350
Leave a comment if you have any questions—I read them all!

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By |2017-07-17T12:22:58-04:00April 30th, 2015|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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