Source: Management Science (1968), Chapter 6, The Viable Governor, p. 142.
“…the information revolution. Almost everybody is sure …that it is proceeding with unprecedented speed; and …that its effects will be more radical than anything that has gone before. Wrong, and wrong again. Both in its speed and its impact, the information revolution uncannily resembles its two predecessors …The first industrial revolution, triggered by James Watt's improved steam engine in the mid-1770s…did not produce many social and economic changes until the invention of the railroad in 1829 …Similarly, the invention of the computer in the mid-1940s, …it was not until 40 years later, with the spread of the Internet in the 1990s, that the information revolution began to bring about big economic and social changes. …the same emergence of the “super-rich” of their day, characterized both the first and the second industrial revolutions. …These parallels are close and striking enough to make it almost certain that, as in the earlier industrial revolutions, the main effects of the information revolution on the next society still lie ahead.”
"The way ahead" Economist.com http://www.economist.com/ (November 2001)
1990s and later
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Peter F. Drucker 180
American business consultant 1909–2005Related quotes
Oscar Iden Lecture Series, Lecture 3: "The State of Individuals" (1976)

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Context: The American Revolution was not a common event. Its effects and consequences have already been awful over a great part of the globe. And when and where are they to cease?
But what do we mean by the American Revolution? Do we mean the American war? The Revolution was effected before the war commenced. The Revolution was in the minds and hearts of the people; a change in their religious sentiments of their duties and obligations. … This radical change in the principles, opinions, sentiments, and affections of the people, was the real American Revolution.

Laszlo (1986) "Technology and Social Change: An Approach from Nonequilibrium Systems Theory". Technological Forecasting and Social Change 29, p. 280; As cited in: K.L. Dennis (2003) An evolutionary paradigm of social systems. p. 38.

“The Industrial Revolution and its consequences have been a disaster for the human race.”
"Introduction", item 1
Industrial Society and Its Future (1995)