The financial and economic guru Nouriel Roubini gave a speech on December 4th at the Bloomberg BusinessWeek 85th Anniversary Dinner, which was held at the American Museum of Natural History in New York. The title of his "official toast" was “Rise of the Machines: Downfall of the Economy?”
"This wave of technological innovation began in 1947 with the invention of the transistor. A little over 10 years later, the microchip appeared; and, soon after that, computers followed. From these basic roots, the rate of innovation simply exploded."