Quote by Paul A. Volcker

The speed of communication, the speed of information transfer, the cheapness of communication, the ease of moving things around the world are a difference in kind as well as degree.

The speed of communication, the speed of information transfe

Summary

This quote emphasizes how significant advancements in communication technology have transformed our world. It explains that the speed, affordability, and ease of communication have undergone such drastic changes that they can be considered not only as improvements in degree (quantitative changes) but also as changes in kind (qualitative changes). In other words, this quote recognizes that the modern era's innovations in communication and transportation have fundamentally revolutionized the way information is shared and goods are transported globally, far beyond simple advancements in the existing systems.

Topics

Communication

By Paul A. Volcker

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