We know now that the Nixon Era was also the Oil Era. The Koch brothers and other oil barons bought the government starting in the 1990s in order to extend that era, but every era has a sell-by date, and by 2008 oil barons had no answers to the financial crisis they helped create.
The Obama Era is also the Tech Era. Computing, and the interests of those involved in computing, are going to dominate our politics. Larry Page and his ilk will be able to buy-and-sell the Kochs’ kids.
The empire of oil has fallen and it’s now where manufacturers were in the 1970s, caught in a never-ending margin squeeze. Renewable energy supplies, led by efficiency, keep dropping demand, while costs for fracking keep going up. Last year was a pre-shock, from which the industry is recovering. Think of it as the 1975 game. The next shock, which I estimate will come in 2019, will devastate the fossil fuels industry. It will remain – GM remains – but it will never again be what it was.
So what comes after the Tech Era? The Oil Era began its political reign in 1968, and the Tech Era began its reign in 2008, as I’ve indicated we’re now playing the 1975 game. We’re 7 years into the new era, and just as the MITS Altair launched the PC, something should be percolating underneath all this technology to define what comes next.