Progress Trap

Progress Trap

Progress Trap Jonathan Poland

 

A progress trap is a situation where a new technology, which has the potential to improve life, ends up causing harm due to a lack of risk management. This is often due to the fact that the benefits of new technology are often emphasized and pursued, while the potential risks are overlooked or underestimated. The rapid adoption of new technologies can lead to a situation where risks are not adequately addressed, resulting in negative consequences. For example, the introduction of a new technology may create new forms of pollution or increase the vulnerability of a system to disasters. If these risks are not properly managed, they can have serious impacts on society and the environment.

To avoid progress traps, it is important to carefully assess the risks and benefits of new technologies and put in place appropriate measures to manage them. This may involve regulation, education, or other forms of intervention. By taking a proactive approach to risk management, societies can avoid the negative consequences of new technologies and reap the full benefits of progress.

Precautionary Principle

The precautionary principle is a guideline that dictates that new technologies must be proven to be safe before they can be released to the public or the environment. This principle is based on the idea that it is better to be cautious and prevent harm from occurring rather than waiting to react after the fact. According to the precautionary principle, if there is a possibility that a new technology may do more harm than good, it should not be introduced at all. This principle is often applied in the context of environmental protection, where the potential impacts on human health and the environment must be carefully considered before new technologies are introduced. The precautionary principle is an important tool for risk management and can help to prevent harm from occurring due to the introduction of new technologies. By requiring that new technologies be proved safe before release, the precautionary principle helps to protect people and the environment from unnecessary harm.

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Key Bridge

People. Profit. Progress.

Business is the lifeblood of progress and you are the driving force regardless of where you fit in the value chain. People drive profit by bringing useful products and services to market. Profit drives progress by allowing the best ideas to emerge and the best investments to win.

This is the cycle of capital that moves the world forward and that’s why I started Key Bridge, a private membership for the pursuit of profit and progress, a platform for building better assets, tackling global challenges, and advancing the greater good.

Key Bridge

People. Profit. Progress.

Business is the lifeblood of progress and you are the driving force regardless of where you fit in the value chain. People drive profit by bringing useful products and services to market. Profit drives progress by allowing the best ideas to emerge and the best investments to win.

This is the cycle of capital that moves the world forward and that’s why I started Key Bridge, a private membership for the pursuit of profit and progress, a platform for building better assets, tackling global challenges, and advancing the greater good.