Recalling his days as a professor at CalTech, technologist and futurist Carver Mead reports on “confessions” he would attend with his colleagues. They wouldn’t talk about experiments that confirmed what they knew, rather they would confess to failures, or mistakes. It’s the mistakes that produce the information on the way to the production of new knowledge that is undeniably wealth. Think about it.
Oil is arguably as old as the earth is, but humans only began to discover its additive ways to economic progress in the second half of the 19th century.