Technological Basis
Underlying the digital revolution was the development of the digital electronic computer, the personal computer, and particularly the microprocessor with its steadily increasing performance (as described by Moore's law), which enabled computer technology to be embedded into a huge range of objects from cameras to personal music players. Equally important was the development of transmission technologies including computer networking, the Internet and digital broadcasting. 3G phones, whose social penetration grew exponentially in the 2000s, also played a very large role in the digital revolution as they simultaneously provide ubiquitous entertainment, communications, and online connectivity.
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“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (18031882)