<<a revolution in thought that has been enabled by computers" I would add something on that topic:
The revolution has been not been as encompassing as it is possible because of government intervention.
Rapid economic change invariably means disruption to sectors and geographic regions bringing about political pressures to alleviate pains of adjustment; there are congenial tendencies in our economic institutions and political processes to slow things down, to seek breathing time, and to retard the pace of structural change through measures that shield disrupted enterprises or industrial sectors from global forces of change. Industrialized countries artificially try to keep their share of world’s wealth by protectionism, non-tariff barriers etc. “The claims of market disruption and domestic injury caused older industrial countries to invoke not only tariffs, but the more restrictive non tariffs barriers of quotas, orderly marketing agreements, voluntary export restriction through unilateral and bilateral policies undertaken outside the GATT. Meier, G.M., U.S. Foreign Economic Policies, (1980), Cited from Duignan, P., Rabushka, A., The United States in the 1980s, Hoover Institution, Stanford University, 1980. |
