Your child's video game has 10,000 times the capacity of the world's first 1947 ENIAC computer. Today's greeting card that sings "Happy Birthday" contains more computer power than existed on earth before 1950. Most home video cameras contain a more powerful chip than the huge IBM system 360 computer: the giant that filled hundreds of sq. ft. of

air-conditioned space in the 1960s. Genesis offers a game with a computer more powerful than a multimillion-dollar 1976 Gray supercomputer. Sony has a video game with a 200 MIPs (millions of instructions per second) processor that not so long ago would have cost about $3 million in mainframe form. Internet 2 will soon connect more than 100 universities at 600 million bits per second-enough to transmit a 30-volume encyclopedia in less than 1 second.

DON TAPSCOTT, Condensed from The Digital Economy, and the book edited by him, Blueprint To The Digital Economy, both published by McGraw-Hill, 11 West 19th Street, New York, NY 1001, USA.