Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
+1 212 318 2000
Europe, Middle East, & Africa
+44 20 7330 7500
+65 6212 1000
Posted by: Michael Mandel on August 03
The point of competitive swimming is to go faster, right? So why ban form-fitting high-tech swimsuits which help competitors go faster? Here’s an excerpt from a Newark Star-Ledger piece on high-tech swimsuits:
Turns out, the LZR suits were just the beginning. In the past 18 months, Speedo’s design led to a procession of knock-off, high-tech bodysuits trending even faster and more like buoyant rubber wet suits. More than 150 world records (and counting) have fallen in these various suits, pushing the boundary of technology’s impact — until FINA, swimming’s international governing body, finally pushed back on July 24.
The result: A near-unanimous vote by its member nations to ban these high-tech suits — as well as any form of bodysuit or non-textile material — starting Jan. 1, 2010. The new rules will dial back swimsuit technology a decade, more extreme than some expected, but should also slow the assault on the record books and halt the manufacturers’ technological race.
Okay, this is not the steroid debate, where people could argue that steroids are both illegal and also potentially harmful. The new swimsuits are legal; no swimmers will be hurt by wearing the swimsuits; and they are potentially available to everyone.
I can understand, if you’ve trained for years under one set of conditions, that you might be upset. But banning them?
The question is whether this counterrevolution against technological progress in swimming is a harbinger of things to come in other areas of the economy. A distrust of innovation, a distaste for change. I’d hate to think so.
Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.