How the Information Revolution Remade Business and the Economy

CHAPTER 9

Mass Capitalism’s Minimum Necessities and Maximum Amenities for Driving Growth of More-than-Moore and Beyond CMOS

Introduction

As we have learned from the previous chapters, the progress of Moore’s law in the U.S. semiconductor industry has been driven by supply-side economic policies. As a result of focusing only on the supply of silicon and no focus on the growth in the real economic demand, the progress of Moore’s law has been made possible by growth of consumer debt and national debt. This has taken the U.S. economy and its semiconductor industry on a path of unsustainable growth. Hence, for the semiconductor industry to progress with More-than-Moore and Beyond CMOS, a robust growth of economic demand is critical. This growth in ...