(And in some cases even retrogression -- the fastest military and passenger aircraft of all time, the Blackbird and the Concorde, were both launched around 40 years ago, and have been retired from service since. The current world record in manned aircraft speed was set in 1976!)
I don't disagree with your broader point, but I am not sure this is the best example. The Blackbird was a reconnoissance aircraft -- something that has been replaced by the superior technology of imagery satellites. In the case of the Concorde, the plane proved uneconomical, in part because many of the major urban areas that would be natural points of call did not have room to build long enough runways to accommodate its speed. Aeronautical engineering is probably capable of building a faster passenger plane, but there would be no market for it.
Ray Kurzweil's writings are the best-known expression of Singularity memes, so I figured it's about time I read his 2005 best-seller The Singularity is Near.
Though earlier users of the term "technological Singularity" used it to refer to the arrival of machine superintelligence (an event beyond which our ability to predict the future breaks down), Kurzweil's Singularity is more vaguely defined:
Kurzweil says that people don't expect the Singularity because they don't realize that technological progress is largely exponential, not linear:
Kurzweil has many examples:
He emphasizes that people often fail to account for how progress in one field will feed on accelerating progress in another:
Kurzweil's second chapter aims to convince us that Moore's law of exponential growth in computing power is not an anomaly: the "law of accelerating returns" holds for a wide variety of technologies, evolutionary developments, and paradigm shifts. The chapter is full of logarithmic plots for bits of DRAM per dollar, microprocessor clock speed, processor performance in MIPS, growth in Genbank, hard drive bits per dollar, internet hosts, nanotech science citations, and more.
The chapter is a wake-up call to those not used to thinking about exponential change, but one gets the sense that Kurzweil has cherry-picked his examples. Plenty of technologies have violated his law of accelerating returns, and Kurzweil doesn't mention them.
This cherry-picking is one of the two persistent problems with The Singularity is Near. The second persistent problem is detailed storytelling. Kurzweil would make fewer false predictions if he made statements about the kinds of changes we can expect and then gave examples as illustrations, instead of giving detailed stories about the future as his actual predictions.
My third major issue with the book is not a "problem" so much as it is a decision about the scope of the book. Human factors (sociology, psychology, politics) are largely ignored in the book , but would have been illuminating to include if done well — and certainly, they are important for technological forecasting.
It's a big book with many specific claims, so there are hundreds of detailed criticisms I could make (e.g. about his handling of AI risks), but I prefer to keep this short. Kurzweil's vision of the future is more similar to what I expect is correct than most people's pictures of the future are, and he should be applauded for finding a way to bring transhumanist ideas to the mainstream culture.