I find his point about the "economic need" for programming to be more efficient interesting: at the time, software was about as expensive as hardware, and hardware was about the get drastically less expensive, and so
If software development were to continue to be the same clumsy and
expensive process as it is now, things would get completely out of
balance. You cannot expect society to accept this, and therefore we
must learn to program an order of magnitude more effectively.
And yet, society has accepted it. It's now a truism that programmers cost more than hardware. Then again, it doesn't seem like his hoped-for revolution has occurred, either, so I guess he hasn't really been disproven and is merely guilty of being too optimistic.