New technology: what do you have to fear?

Managing the risks and rewards of emerging technologies is a tricky balancing act. How is it possible to maximise the upsides of innovation while minimising the potential downsides? Read more here: econ.st/327bXxU
Film supported by @mission.winnow
00:00 - 01:03 Innovation and regulation in technology
01:03 - 01:51 How to keep innovation moving
01:51 - 03:48 The rise of autonomous cars
03:48 - 05:40 Are autonomous cars safe?
05:40 - 07:28 Drone regulation and innovation
07:28 - 09:26 Drone development in Australia
09:26 - 10:25 Sandbox regulation
10:25 - 11:45 Decarbonising airspace with eV-TOL aircrafts
11:45 - 12:21 Managing risks in technology development
Read our latest coverage on The World Ahead: econ.st/3HDWmFq
Sign up to The Economist’s daily newsletter to keep up to date with our latest stories: econ.st/3gJBH8D
Read Tom Standage’s editor’s note on “The World Ahead 2022”: econ.st/3JLfN0y
Why a dawn of technological optimism is breaking: econ.st/3qOuyXW
22 emerging technologies to watch in 2022: econ.st/3qPFLYh
The dark side of self-driving cars: econ.st/3mZ8h8B
Business is booming as regulators relax drone laws: econ.st/3sVGxpn
Hybrid power will make helicopters safer and more productive: econ.st/3JLi2RC
The success of AVs will depend on sensible regulation: econ.st/3tf6rVp
Neobanks are changing Britain’s banking landscape: econ.st/3HC662J

[@plantandpage07]

Great content, just weird to be sponsored by Marlboro...

[@ceciliaquental5409]

I'd really like to see another video like this one, except about social media

[@shihanpan969]

The problem is when incumbents use regulation as a means to prevent competitors from entering the field

[@ev.c6]

We’ll, I tell you something. AI would tell any immigrant officer your name comes from a country that most likely has a large amount of undocumented illegal immigrant in both the US and Europe. Based on that attribute it would set your person in the likelihood to become illegal too. Therefore you should be banned from entering in most developed countries today. THAT is what needs to be regulated. And this is what we should be focusing on now. Technology becoming so disruptive it becomes racially biased.

[@fajarsetiawan3334]

@@ev.c6 ààqqqqqłpklqqqq0

[@konradkapera2344]

@@ev.c6 i ffhgdhst

[@outofthebox9699]

Like Google did with a KZbin competitor.

[@vinniesontag7696]

I love this channel, very informative 👏

[@ModernDayGeeks]

Hopefully with innovation comes with better accessibility and regulation as we further improve upon what we currently have now. Fascinating!

[@cruiseshipdreamer7003]

Great balanced show.

[@harshvardhanrathi5499]

the last time the faa rushed something was the Boeing 737 max thing...so we need to tread very carefully.

[@mazinalmoumen]

Fantastic 👏👏👏

[@ThaisOliveira-ib6im]

forgot to mention the impact on the job market

[@jackryan3487]

thank you for this

[@rajendratayya8400]

The more complex the technology is, it is liable to be at the risk of becoming paralysed by human mistakes. It is equivalent to the viral infection of the complex human anatomy.

[@ksugahara]

Great piece. Love seeing Margaret and Brendan. Now you need to chat with Brendan about autonomous robots (and ask him about his Spot!)

[@kapalapi4958]

9i98

[@Thebreakdownshow1]

I think sustainable innovation is a sector where a lot needs to happen. And is perfectly ready for a big shift.

[@madat5843]

Dude just checked your channel you are seriously under rated.

[@gkoogz9877]

What is "sustainable innovation" that doesn't even make sense

[@haadbajwa7565]

It's too late now. WORD SUSTAINABLE is not applicable any more all natural resources in the world have depleted to a point of no return thing will get worst every year.........

[@bambangdwi9849]

@@madat5843 Ppp AA sslmnmbmmvmlllll P webp Bm Lml QQn0@))//(():/0

[@bambangdwi9849]

Kpkpkpkpkppqqkppqpoppp0q QQ klqpqqqklllllllppppo

[@christiansantiagophotography]

It's asinine that the test for flying a drone commercially requires the same kind of knowledge as airline and helicopter pilots.

[@jakel8627]

The Economist is the best newspaper

[@manjunathjeerla3687]

Thank you😊

[@moret1979]

Narrator voice and music are much louder than others people voices.

[@alparslankorkmaz2964]

Nice video.

[@curtiscarpenter9881]

The scale of manufacturing should be bound by the progress of technology e.g. improvements made should suit the scale of production.

[@thomasciarlariello3228]

Infrastructe needed is Marshal J. Corbett of Gruman patent for aerial cold plasma highways similar to Wachouski's "Neo Seoul 2144 A.D."

[@XOPOIIIO]

Autonomous vehicles are already safer than human drivers. And they will be safer over time. Not forcing transition to complete autonomous drive is putting at risk million of lives.

[@XOPOIIIO]

@HunterBidensCrackPipe Humans fail and fail all the time. What's your point?

[@XOPOIIIO]

@HunterBidensCrackPipe What's your point?

[@XOPOIIIO]

@HunterBidensCrackPipe Remove driver's seat. What's the problem?

[@XOPOIIIO]

@HunterBidensCrackPipe I don't actually get what you just said.

[@Zepheron]

@@XOPOIIIO you are correct imo

[@spacezeroin]

So Cool! THANK YOU!

[@chrisrhome6638]

Does innovation drive regulation?

[@garryjohnson6794]

It does..why not?

[@beatrizcascelli]

Wow so interesting

[@zerubiszeus4687]

Kinda hurts knowing uber wants autonomous cars. It's become this pizza delivery guy level job that's helped a lot of people stay afloat

[@AwesomeAsh99]

Come come human labour is better spent elsewhere. And for companies that replace human labour with an artificial medium, then we shall tax them!

[@JK-gu3tl]

We can start by admiting the Prussian model of public education is outdated. Montessori style with trades would be more suitable.

[@calbalu51]

An informative piece marred by huge disparities in sound volume levels. The narrator blares above the Standage chap for instance and this continues all through the piece, concerning on camera narratives. Apparently the sound mixer wasn't paying attention to VU meters (or listening for that matter). Shame, it's an interesting video otherwise.

[@robertwilson2007]

The world population went from 1 billion in 1800 to almost 8 billion now. Of course that will change alot of things. But we as humans are incapable of controlling our populations and people who invent things from looking ahead to see what the long term affects will be. If they even care, it's all about money and greed. We all only think about today right now! The human race is only capable of seeing a few years ahead if that. Plus we keep sending food and building in places where that human population should not be or the population should not be that high. Then we go to war over things that will not move the human race forward it just drags us back into the past. The human race might not deserve to survive as species. A guy told me once we are the most intelligent being on this planet. I said he was wrong. WE ARE THE MOST CLEVER. We are not that intelligent. We can't even manage our population, food , water, energy resouces properly. We just figure ways around (Mother Nature) a problem that concerns us right now, not thinking pros and cons for the distant future. Thats because we haven't evolved enough out of our inherently primative and archaic survival instincts. If you read about human behavior we are still using our basic animal instincts to survive on a daily basis that we have been using for the last 1 billion years or so. We haven't changed that much since then. We just have learned to make and use tools without a proper teacher.!!

[@MasKverdad]

Positive step

[@miloklitov8776]

Super

[@angelwhite376]

The world is not AI. We the drivers must be in control..

[@garyvermaak9470]

eVTOL is just a small niche segment of electric aviation to replace helicopters. The real impact of electric aviation will be conventional take off and landing aircraft from light sport and general aviation to regional airliners.

[@NicolaiJohannesenDK]

Very one sided video... It acknowledge that human drivers kills 40000 traffic victim in the US... But for some inexplicable reason it is only self-driving car is that are dangerous? That makes absolutely no sense!

[@kelindrawn]

I was about to point out this very thing. Everyone got used to people dying on our roads, yet somehow an attempt to fix this gets a lot of backlash.

[@andreseward]

i wonder how it compares percentage wise though

[@bencarlobactol1763]

It's because of the media portrayal of the accidents on self-driving cars that sway public opinion. And the fear of robots taking over human jobs.

[@TDKRises12]

Yes

[@chris-2496]

I don't think the world has been suffering from lack of innovation for the last century. Maybe the topic should be how to better control the risks of new technologies?

[@theailateshow368]

Governments stifle innovation.

[@thisisnotmyrealname6046]

Sure, if that car had been driven by a person and not a computer, the lady on the bike would not have died, because no driver has ever caused a deadly accident...

[@mipouji8432]

We just need land value taxes

[@SuperSonic9000IsHere]

Hi

[@sbmabusaeedranashahriar7399]

Done

[@controlfreak1963]

Lets ask SpaceX regarding FAA review. Meanwhile, China is backward engineering everything we do and has no FAA restrictions.

[@teachonlywhatiseasy]

regulation is a funny word. lessons are in history. pro-active requires vision. Inclusive politics being the pre-requisite.

[@4-kathryn]

Not a fan of self-driving cars in my home state of Arizona. Due to the hot climate here, our car batteries die rapidly compared to other areas. My concern is these driver-less-vehicles will be stalled on the road. It's also a mystery what these transport vehicles can and cannot do. What if the rider wants to go to a destination where there isn't a typical road the vehicle has been conditioned to know... like a dirt path? What if the vehicle somehow drives into a flooding zone? I just don't trust where that technology is at right now.

[@jamiearnott9669]

Excellent video. Bad jokes aside, I've been using electronic antibiotics and nanomaterials which is emerging technology to me. However it's my own post industrial post modern scientific project. This is a global post industrial knowledge economy and I know that private companies and governments won't save me. Avoiding corruption and special interest, If you want a fourth industrial revolution, then do it yourself! ;-)

[@francescafabiani5223]

Etfxgn e il mio

[@importantname]

still waiting for the answer to the posed question

[@stevegarfi5812]

for the average person and company yes until the military gets a hold of it then the public is stifled and they use it for military purposes

[@rosiekrupp]

Everything is an illusion

[@garryjohnson6794]

Driverless car..isnt that risky for hacking or even assasination attempt..

[@erebody]

uhh modern vehicles are already susceptible to hacking... don't forget that's how they killed Michael Hastings years ago.

[@ashleyhill6697]

Who has an ego big enough to think someone would want to assassinate them?

[@chrismckellar9350]

Technology is fragile especially when nature gets involved with disruptive weather conditions or volcanic eruptions.

[@nicolasvanharling86]

Motor yopiter mrskin

[@Kyle-bb9zp]

Go back to the way people use to live 300 years ago it's coming you will need to be ready when it all goes down.

[@mateuszhnat8633]

Ko

[@antonioalvarez2499]

Let the market self-regulate it self

[@irvincindrak1236]

markets wont self regulate their own technologies

[@diegozambrano6292]

I think I watched this video before...

[@user-ce1so6hn9v]

من از رو کامنت ها اونم با ترجمه ب فارسی متوجه میشم . از ایران افراد بسیاری میخواهند دنبال کننده باشن . بابت انگلیسی بودن و زیر نویس نبودن . افراد بسیاری محروم می مانند از محتوا . لطفا زیر نویس برای فارسی زبانان در نظر بگیرد.

[@bosmlipir2592]

Like👍

[@dorianaconforti9364]

Quella

[@thomasciarlariello3228]

Skeptical

[@SkibidiAlpha69420gyat]

ale ja ňič ňepocujem boha mu

[@Kris-eq4mr]

Okay Yeah s gc

[@user-zq6cs4gf4j]

شعاع احد لایک

[@ingemar_von_zweigbergk]

the woman that got hit looked like a zombie.

[@stardustbilermam1736]

Let’s let innovation rest for a while. Too much innovations in too little time. Let us get adapted to the tech of now instead of always upgrading

[@Dliight]

Find the Golden middle road!

[@riskafaizatin6697]

No

[@francescopaulucci5767]

Very dissatisfied with the economist for leaving the biggest innovator in autonomous driving out of the video... Tesla is leaps and bounds ahead of waymo!

[@benjones1717]

So much bs in one video.

[@dennisoosterhof2231]

London is against crypto. I'm against London.

[@aetschoolfoundation2746]

Economists reports are pessimistic

[@garryjohnson6794]

I mean, the risk could be really high..for example, what happened if some madman using drone for act of terorism like dropping bomb into your house? Or hack your tesla and make it into accident?

[@jacksoncheung7796]

Actually most of the contexts in this video are repetitive. I don't even recognize the difference between an airplane and eVTOL aircraft. Appreciate for wasting 10 minutes of my valuable time.

[@markbracegirdle7110]

Cheap labour is what stifles innovation, not regulation.

[@JK-gu3tl]

Industrial revolution?

[@markbracegirdle7110]

@@JK-gu3tl I suggest you study it.

[@JK-gu3tl]

@@markbracegirdle7110 what's to study? Things were much worse before it.

[@usa9116]

What we know is we need 30% salary increase to fight inflation.

[@ashleyhill6697]

Authoritarianism is inevitable. I'll sell everything buy a Porsche and little house in Mexico and enjoy freedom.

[@EconomicFriend]

New technology is fun and convenient, but very dangerous. We'd be better off without some of this new technology. When did we stop caring about the human race and our own society? Very sad direction we're heading into. I say, stick with what works. If it ain't broken, don't fix it.

[@irvincindrak1236]

which one of these innovations do u consider dangerous?

[@bazacko]

I'm unsubscribing. Please find better sponsors.

[@atomicchimichangas7666]

Communism, the answer is always communism