Computer efficiency

Here is what a reviewer had to say about the research paper `Dijkstra’s Rallying Cry ...':

The paper is, in essence, about an argument of generality versus computer efficiency. The argument was eventually settled in favour of the former due to the enormous advances in electronic technology. Today, computer efficiency is not an issue any more.

Is this correct? The last sentence seems to contradict Martin Reiser’s “law” which states that

Software is getting slower faster than hardware is getting faster. [Wirth, p.64]

According to Reiser, computer scientists today rely too much on the hardware to amortise their own “fat software”, as coined by Wirth in [Wirth, p.65].

[Wirth] N.  Wirth, ‘A Plea for Lean Software’, Computer, Feb. 1995.