Long-time programmer/researcher/former MIT research fellow Jonathan Edwards writes a blog called “Alarming Development: Dispatches from the User Liberation Front.”
Edwards’s main thesis is that the Internet boom around 1996 caused this slowdown because programmers could get rich quick. Then smart and ambitious people moved into Silicon Valley, and founded startups. But you can’t do research at a startup due to time and money constraints. Today only “megacorps” like Google, Facebook, Apple and Microsoft are supposedly able to do relevant research because of their vast resources.
Computer science wouldn’t help, either, because “most of our software technology was built in companies” and because computer science “strongly disincentivizes risky long-range research”. Further, according to Edwards, the aversion to risk and “hyper-professionalization of Computer Science” is part of a larger and worrisome trend throughout the whole field and all of western civilisation.
Edwards’ blog post argues that since 1996 “almost everything has been cleverly repackaging and re-engineering prior inventions. Or adding leaky layers to partially paper over problems below. Nothing is obsoleted, and the teetering stack grows ever higher…”
"[M]aybe I’m imagining things. Maybe the reason progress stopped in 1996 is that we invented everything. Maybe there are no more radical breakthroughs possible, and all that’s left is to tinker around the edges. This is as good as it gets: a 50 year old OS, 30 year old text editors, and 25 year old languages.
“Bullshit. No technology has ever been permanent. We’ve just lost the will to improve.”