The summary he gives at the beginning of this paper is actually pretty good, too, if you want a really condensed version: My core thesis, which I call the ―law

The summary he gives at the beginning of this paper is actually pretty good, too, if you want a really condensed version: My core thesis, which I call the ―law of accelerating returns,‖ is that fundamental measures of information technology follow predictable and exponential trajectories, belying the conventional wisdom that ―you can‘t predict the future.‖ There are still many things — which project, company or technical standard will prevail in the marketplace, or when peace will come to the Middle East — that remain unpredictable, but the underlying price/performance and capacity of information is nonetheless remarkably predictable. Surprisingly, these trends are unperturbed by conditions such as war or peace and prosperity or recession.