Even if there is what we would see as wondrous technology in the future, to someone who was born and lived in that time, it would seem mundane. A major draw of speculative fiction is escapism, and I don't think there will be a change in that because of advances in technology. In all honesty, this seems like it would be a bigger issue for science fiction writers, who would have to worry about their ideas being eclipsed as technology marches on.
This got me thinking. Just look at present day. We can fly. We can send probes to other planets. We can pinpoint a person's location on the planet to within several feet. Most of us carry a phone that lets you communicate with another person on the other side of the planet. That same phone has more processing power than the computers that ran the Voyager probes and the ones that sent men to the moon.
That phone grants us instantaneous access a data network with information on almost anything. Some phones have software that lets you take video, record music, and edit both. It's like a portable TV station and recording studio in one.
Give this phone to someone fifty years ago and what could they have done with it?
What do we do with it? Play Angry Birds, take selfies, read/update twitter and facebook, surf for p@rn.
With one bomb we can level a city.
We have planes that destroy a target a hundred miles away.
We can see DNA the building blocks of life.
Does any of this make Harry Potter less magical? Does it take away the mystery of Middle-Earth? Heck, does this even take away the wonder of watching a Magician perform on stage? We all know the Magician is doing sleight of hand and/or their equipment is rigged in some way, but do we care? I don't. I just want to be swept away and allow myself to be fool.
I know it isn't real, but it's fun to pretend it is.
Edit: The more we learn, the more we realize how little we know. There will always be something we don't understand, so IMHO there will always be room for magic. Magic breeds in the areas where technology can't explain.
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