All of this is happening at a time when this same globalization/I.T. revolution enables the globalization of anger, with all of these demonstrations now inspiring each other. Some Israeli protestors carried a sign: “Walk Like an Egyptian.” While these social protests — and their flash-mob, criminal mutations like those in London — are not caused by new technologies per se, they are fueled by them.
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So let’s review: We are increasingly taking easy credit, routine work and government jobs and entitlements away from the middle class — at a time when it takes more skill to get and hold a decent job, at a time when citizens have more access to media to organize, protest and challenge authority and at a time when this same merger of globalization and I.T. is creating huge wages for people with global skills (or for those who learn to game the system and get access to money, monopolies or government contracts by being close to those in power) — thus widening income gaps and fueling resentments even more. Put it all together and you have today’s front-page news.
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the world has gone from connected to hyper-connected.
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The merger of globalization and I.T. is driving huge productivity gains, especially in recessionary times, where employers are finding it easier, cheaper and more necessary than ever to replace labor with machines, computers, robots and talented foreign workers. It used to be that only cheap foreign manual labor was easily available; now cheap foreign genius is easily available.
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