profits. In the past fifty years, global capitalism has raised the living standards of more people higher and faster than the previous five hundred years. Increasing the number of “haves” in the world has also dramatically increased the number of “have-nots”. It has also driven the poor further into poverty making it more and more unlikely that they will ever recover. Globalization creates tensions, especially within nations and companies, between those who have the skills and resources to compete in the global market and those who do not.When the Internet was first introduced to the public, the wealthier countries in the world were able to incorporate it into their economies before the poorer countries. The wealthier countries had already established a strong hold on the Internet by the time the poorer countries were able to buy computers and pay for Internet - 5access. According to one prediction, “by 2001, two hundred sixty-eight million computers will be connected to one another” (In Class Handouts). However, the great majority will be purchased and connected to the Internet by people in wealthy countries. The wealthy countries control most world-renowned businesses and services on the Internet. They also control the registration of domain names on the Internet, forcing the poor countries to pay the wealthy countries for the rights to names to create e-companies. The Internet “instantly link[ed] retailers to suppliers” (Technology). Through digitization, voices, sounds, pictures, and documents can by turned into computer bits transferable on the Internet. Federal Reserve Chairman Alan Greenspan even “linked . . . upturn[s] in productivity to massive investments . . . in computers and other technology (Workers). By the time the poorer countries were able to benefit from the use of the Internet, the wealthy countries had only increased their wealth.Technological advan...
