Friday, February 17, 2012

How Britain’s cultural revolution transformed the world - MoneyWeek


For the ordinary person, life didn't change a jot from pre-history to around 1800.

It didn't matter whether you were born in bucolic 17th century England or a Stone Age cave. Your lot in life would be hardscrabble toil, a cramped dirt-floor home and a swift death at the age of around 30. It would be the same life as your grandparents and your grandchildren.

Why didn't 10,000 years of civilisation improve people's living conditions? Because wealth comes from work per person, and work per person comes from innovation. And the process of innovation back then was agonisingly slow. Hundreds and thousands of years separated breakthroughs like stone tools, agriculture, iron ploughs and sailing ships.

---SPSmith

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