Can An Economy Grow Forever? part 3: Industrial Revolution

The video discusses the three major industrial revolutions and their impacts on society and the economy. The first revolution involved textile mills and steam power, the second brought internal combustion engines and electricity, and the third introduced computers. Each revolution led to significant economic growth but eventually reached a point of diminishing returns. The video highlights how these technological advancements have shaped modern business practices and the economy.

What factors contributed to the decline of the textile mills and masonry factories in the global economy?

Discuss the current state of innovation in the computer industry as described in the text.