Capital, too, is less likely to be fixed. On the electronic highway, it can instantly go where it is wanted, and stay where it is well treated. As information and knowledge are forged into capital, the world is connected by blips on the computer screen that race across countries and continents in microseconds. The world can no longer be understood as a collection of national economies. Electronic infrastructure is creating a world-wide economy.
Products have value added all over the world.
The dress you buy in St. Louis may have originated with cloth woven in Korea, finished in Taiwan and cut and sewn in India. Then, there was the brief stop in Milan to pick up its Made in Italy label before the final journey to a store in St. Louis. The principles of freedom, private property and the free market coupled with an intellectual system driven by knowledge and technology will render obsolete the old paradigm of extraction and central control by governments and business. The growing global economy enhances the importance of economic trade while reducing the influence of politics and control. In the new paradigm, the means of production in capitalism are not chiefly land, labor, and machines which traditionally have been regulated, controlled, and taxed by government, but rather emancipated human intelligence.