Living standards rose. And the social fabric was strengthened, as working people gained the means to support their families and communities. Now, our world has been transformed beyond recognition. Many of the causes are well known. New technologies are miraculous.
Modern communications are instantaneous.
And investment crosses national boundaries with a keystroke on a computer. Working people's productivity has increased. Stock prices are soaring. Executive salaries are skyrocketing. But most people are working longer hours, just to stay even.