We are now at the end of the era of the political state. Not that political states will not for some time continue to play a significant role, but they will no longer play the dominant role. As the political state begins to play an increasingly smaller role in defining our lives it has less impact in defining our experience of time. In the postmodern world it seems we are in the era of the economic state. Time is being defined by economics.
Technology is important because it brings speed to commerce.
Everything economic is time driven. The prevailing ideology of the economic state is that of the free market. The fewer the restrictions the more chaotic the system potentially becomes. State run economies in the former U.S.S.R. seem to have melted down overnight. Market driven economies in Asia careen dramatically from go-go business to depression.