The textile industry disruption (Luddites destroying machinery) was not just economic but involved tremendous social unrest, suggesting that even successful long-term technological transitions involve significant temporary costs that cannot be dismissed
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Reid HoffmannEvidence Quote
“We got through the textile mills, but there was tremendous social unrest. The English term Luddite exists because there was actual turmoil”
Created: 8/13/2026, 9:55:39 AM
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