Video: Hans Rosling – How The Washing Machine Transformed Society
I’ve talked with many economists who think the washing machine (as of the current moment) has contributed more to the world than the internet. Their line of thought is something like this, no washing machine, more time spent doing daily chores, less women in the work place (and no I’m not trying to be sexist) and you know where it goes from there…What’s your take?
P.S. All value investors should watch this, especially when thinking about investing in startup manias. Perhaps we coul have avoided the internet bubble if people had watched this. Then again perhaps they would have launched,wash-your-clothes.com
About this talk (via Ted)
What was the greatest invention of the industrial revolution? Hans Rosling makes the case for the washing machine. With newly designed graphics from Gapminder, Rosling shows us the magic that pops up when economic growth and electricity turn a boring wash day into an intellectual day of reading.
About Hans Rosling (Via Ted)
In Hans Rosling’s hands, data sings. Global trends in health and economics come to vivid life. And the big picture of global development—with some surprisingly good news—snaps into sharp focus.