Too Long; Didn't Read
Disruptive new technologies rise, create new sectors, and help us achieve phenomenal things. Output and productivity gains plateau, often for decades for decades. ‘Tether Theory’ is my explanation for this phenomenon. The elements which help to create and establish a disruptive new technology eventually become the limitations on that technology’s further growth and innovation. In Tether Theory, sectors created by disruptive new technologies go through 6 stages: Birth, Establishing Best Practices, Consolidation & Entrenchment, Regulation & Dependencies, and Stagnation.