No wonder many top policy makers fear the U.K. economy is "turning Japanese, " doomed to repeat Japan's two lost decades as economic activity is sapped by a debt overhang with all the risks that capital becomes obsolete and skills erode through under-investment.

WSJ: Osborne Is Losing His Allies on All Sides

Now that technology is being considered as a specific part of an interrelated and intercommunicated system of activity in new and different ways, it is an assumption that is fast becoming obsolete.

FORBES: NFL Experiments With Fan-Controlled In-Stadium Technology