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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead
Techfake meat

Fake Meat As A Fix for Climate Change

By
Aaron Pressman
Aaron Pressman
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By
Aaron Pressman
Aaron Pressman
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December 20, 2017, 8:47 AM ET
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This article first appeared in Data Sheet, Fortune’s daily newsletter on the top tech news. Sign up here.

Maybe it’s because I have vacation on the brain that I keep coming back to the topic that everything old is new again. NOTHING will replace the good old-fashioned resting I plan to do for the next two weeks.

So let me draw your attention for a moment to a wonderful piece of journalism from the last issue of Fortune about a reinvention of an old idea: fake meat. Fortune’s Beth Kowitt, one the country’s finest commerce-of-the-culinary writers, dove deep into the technology industry’s ultra-expensive quest to replace the kinds of food that once belonged to a breathing animal’s body with “meat” either grown in a lab or smooshed together from plants.

That this is a big deal isn’t necessarily about ethics. Emissions from livestock, Kowitt reports, are responsible for 14.5% of global greenhouse gases. Moreover, she elegantly writes, “animals .. are lousy tools for converting matter into muscle tissue. Cows require a whopping 26 pounds of feed for every one pound of edible meat produced. In a culture obsessed with high performance”—she’s referring here to Silicon Valley—“that is maddeningly wasteful.”

There’s a fundamental problem with each of the approaches technologists are pursuing. The petri-dish technique hasn’t worked yet, and “meats” made from plants inevitably taste like plants. The article has far more detail about the people and companies pursuing this unlikely dream. It’s a delicious tale. (I couldn’t resist.)

***

Have you wondered about all the consolidation in the semiconductor industry of late? Aaron has. See the nifty chart he and Fortune graphics editor Nicolas Rapp created to illustrate it.
***

Finally, some old things don’t become new. They just die. I originally missed the news that Comcast (CMCSA) is shutting Plaxo, which had a brief moment several cycles ago at being the contact-management system of the future. The future doesn’t always arrive.

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By Aaron Pressman
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