The prediction, in brief:

The government’s most recent contributions to Internet technology have been severely outdated and behind the state-of-the-art. They have not had the desired effect. The Internet environment is characterized by rapid technology obsolescence and fast changing consumer demand. Government Industrial Policy in this arena will necessarily lag and, therefore, do an inefficient job of allocating tax dollars.

Predictor: Schrader, William

Prediction, in context:

In his October 4, 1994, testimony at a House of Representatives Science Committee hearing on the Internet, William Schrader, president and CEO of Performance Systems International (PSI), says:”Internet Service Providers (ISPs), are improving the quality of service so as to handle an increasing number of customers and newer, more demanding applications such as Mosaic on the World Wide Web … Is a greater degree of federal involvement needed to provide more widespread Internet connectivity? … The government’s most recent contributions to Internet technology have been severely outdated and behind the state-of-the-art. They have not had the desired effect. The Internet environment is characterized by rapid technology obsolescence and fast changing consumer demand. Government Industrial Policy in this arena will necessarily lag and, therefore, do an inefficient job of allocating tax dollars.”

Biography:

William Schrader was president and chief executive for Performance Systems in the 1990s. (Entrepreneur/Business Leader.)

Date of prediction: October 4, 1994

Topic of prediction: Information Infrastructure

Subtopic: Role of Govt./Industry

Name of publication: Capitol Hill Hearing Testimony: House Science Committee/Internet Access

Title, headline, chapter name: Testimony of William L. Schrader

Quote Type: Direct quote

Page number or URL of document at time of study:
http://web.lexis-nexis.com/universe/document?_m=1a0b3e9e81af3729ca02015aee96e961&_docnum=1&wchp=dGLbVlb-lSlzV&_md5=d6ea7183a13449a120a4e0bd1284cd4e

This data was logged into the Elon/Pew Predictions Database by: Stevens, Shawn