By Willie Baptist and Kristin Colangelo
Today, the world is undergoing an unprecedented technological change from the industrial age to the information age. This transformation has given the capitalist economy its globalized character, while at the same time turning it against itself in chronic and systemic crises. In his 1998 essay “Rethinking Globalization”, researcher and analyst Jim Davis gives a brief synopsis of some of the major technical and historical aspects of this new epochal boomerang:
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“The development of the microprocessor was the culmination of a long line of advances in everything from philosophy to electronics. The selection of the microprocessor as a pivot point is not entirely arbitrary, because it’s cheapness, lightness and versatility has made possible practical robotics, and has made possible breakthroughs in other fields by cheapening and extending the tools of scientific production. It, like other critical breakthroughs in biology, materials science, computing, and electronics, is a product of a widening understanding of the workings of the universe.