One is an elite skilled in the new information technologies who control and manage the high-tech global economy. And it's getting worse. Between 1960 and 1961 the richest 20 per cent of the world's population increased its share of total global wealth from 70 per cent to 85 per cent, while the poorest 20 per cent saw its global share fall from 2.3 per cent to 1.4 per cent. In 19 countries, per capita income is below the 1960 level. We are told that we will be less distressed if there is even less goverment control of market excesses.
Economic globalization is promoted as both historically inevitable and a boon to the human species.