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Sunday, September 7, 2008

Tom Friedman on the New Industrial Revolution

Tom Friedman was also on Meet the Press this morning and laid out what I think is the most compelling case thus far on on the new industrial revolution that is coming in the area of developing new energy technologies. His basic thesis from his new book, Hot, Flat, and Crowded: Why We Need a Green Revolution--and How It Can Renew America, is that the next wave of global prosperity and innovation will come out of the development of new technologies to address the climate crisis. On Meet the Press, he laid out the case that America can either lead in this new economy or become a second-rate power, behind whichever country most fully embraces a leadership role in developing new energy technology.

He also had a very skeptical view of the Republicans' singular focus on "Drill, baby, Drill!", which is perfectly in line with Obama's and my view:

I’m actually not against drilling. What I’m against is making that the center of our focus because we are on the eve of a new revolution, the energy technology revolution. It would be, Tom, as if on the eve of the IT revolution, the revolution of PCs and the internet, someone was up there standing and demanding, “IBM Selectric typewriters, IBM Selectric typewriters.” That’s what “drill, drill, drill” is the equivalent of today.

Watch the video here: