Sooner Safer Happier

A SENSE OF URGENCY

The world changed on June 26, 2018. It happened quietly. Few people even noticed. But that was the day that, after more than a century, General Electric, the last original member of the Dow Jones Industrial Average, was removed from the index.1

GE was one of just a dozen firms that Charles Dow included in his list in 1896. The company appeared alongside giants such as American Tobacco, American Sugar Refining Company, and Tennessee Coal and Iron, companies that dominated what Carlota Perez, an expert on the effect of technology on socioeconomic development, calls the Age of Electricity and Engineering.2

As the previous age ...