[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,♪ [music] ♪
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- [Narrator] "Infinity War" is known \Nfor its spectacular special effects.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,But we can pretty certain\Nthat in a couple of decades.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,they'll look old and outdated.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,That's just the way it goes with movies.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- [Ian] The first adult movie
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that I ever saw was \Nthe original "Jaws" in summer camp.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It was terrifying,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and now you go back \Nand look at the mechanical shark
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that jumped onto the boat,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,the great white, \Nover 20 feet long, thrashing about,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and you go that is a ridiculous, \Nstupid-looking thing.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So, I feel pretty clear \Nthat we have come a long way
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,since the '70s in terms \Nof graphics.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- [Narrator] This constant \Nimprovement is not limited
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to special effects --
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,sound quality, picture quality, \Ntheater seats.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,You name it, \Nit seems to have improved.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Well, maybe not the acting.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- [Edward] Oh no, not the bees!\NNot the bees! Ahh!
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- [Narrator] Economists have a term\Nfor this type of improvement --
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,"creative destruction."
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- [Tyler] Creative destruction was \Na term in Economics
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,coined by an Austrian economist,\NJoseph Schumpeter,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,early in the 20th century.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It's really become \Na central driving idea in Economics.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- [Narrator] Creative destruction\Ndescribes the continual process
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,of innovation in which new products\Nand services replace outdated ones.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Take photos -- we live in a world
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,of smartphones, Instagram,\Nand augmented reality.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,How we got here reveals\Na long and winding path
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,of creative destruction.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- When I was a kid, \Nyou take a photo,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and the Polaroid comes out,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,you wave it around 'cause you think\Nit's going to make it dry faster.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,I don't know \Nif that actually worked.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And it's several minutes later,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and it probably doesn't \Nlook very good,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but you have it!
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And 10 years later, it's all faded, \Nand it probably doesn't keep.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- [Narrator] Before the digital era,\Nyou might have a Polaroid
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,or you might buy film,\Ntypically from Kodak.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,You had to pay \Na few dollars for film,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,which got you about 20 pictures,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and then pay more\Nto get them developed.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- [man] Got double prints with mine!
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,- [Narrator] If, whoops, \Nyour eyes were shut -- too bad!
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,You didn't know until days later.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And if you accidentally \Nopened your camera,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,poof, your pictures are gone!
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Digital cameras came on the scene\Nat the end of the 20th century.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Entrepreneurs quickly improved\Nthe cameras, the software,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and the accessories.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,People increasingly switched \Naway from film.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It was cheaper, easier \Nand more enjoyable.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,These entrepreneurs represent \Nthe creative side
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,of creative destruction.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,But what about the flip side,\Nthe destruction?
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Polaroid employed \Nover 20,000 people in their heyday.