Chiptune is a modern music genre inspired by the songs that played on classic video game and computer consoles like the Amiga. It uses the same kind of crudely synthesized electronic sounds featured in your clip, and often is inspired by the same 80's pop electronica that was popular when such songs were originally made.
For a recent band with a similar ...
"Miami Vice" is the reason. Not only was the visual style of the show very influential, with soft pink and blue pastels, but it was famous as one of the first TV shows that heavily relied on contemporary pop music, so much so that some of Jan Hammer's songs composed specifically for the show became pop hits in their own right.
Comparing to the picture at http://www.pias.com/blog/daniel-miller-lifes-playlist/, the guy in the upper left appears to be Daniel Miler himself. He has the same nose, chin, lips, and earlobes, anyway.
My thirty minutes of research hasn't found any more answers than that.
It's an extract by Alan Watts called Spectrum of Love.
I’m going to talk to you this evening on the subject of the Spectrum of Love
We know that from time to time
there arise among human beings
people who seem to exude love
as naturally as the sun gives out heat.
We would like to be like that,
and by and large, man’s religions
are an attempt ...
In my opinion chipmusic usually leans more into gaming consoles than home computer demo and game music. It sounds very different than music on Amiga or C64 or even Adlib / Soundblaster. I believe MOD music or tracker music would be the correct term.
This is a mashup of several different popular songs from the 1920's and 30's. You can find most of the original songs listed independently. For instance, the part at the beginning is:
Charleston! Charleston! Made in Carolina!
Some dance, some prance
I'll say there's nothing finer than the
Charleston, Charleston, gee how you can shuffle;
Taken from rateyourmusic.com:
(…)synthwave is often instrumental and has a "futuristic" theme, with large, throbbing, retro synths. House influenced heavy drums (often side-chained) are also very popular. It draws inspiration from a variety of genres that originated and/or was most popular during the 1980s, including, but not limited to, Synthpop, ...