Winners And Losers In The Information Age

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From the article “Winner and Losers in the Information Age” by Professor Ian Angell, I can see his point of view about what will be in the future when information technology and telecommunication come and play a big part in this world, not only macroscopic part like in a big organization or government in a country, but they are also affect the microscopic part such as our everyday life. Furthermore, I also agreed and disagree with him in many aspects. First of all, on the part that he said that “The commercial enterprise of the future will be truly global, it will relocate (physically or electronically) to where the profit is greatest and the regulation least.” and “Because of the need to employ the local masses, the major social problem for politicians in the coming decades is going to be how to attract global employers to partner local companies, and how to keep them attracted. Government will have no choice other than to acquiesce to the will of global enterprises.” I believe that when many people read this, they may think that the government will really have no choice. But I think that if the situation becomes like that, the value of most of the people (or service workers, as he mentioned) to the global companies will be lower, and eventually they will have no job. Unfortunately, those people are the biggest part of the market’s buying power. At some point, when a lot of service workers do not have a job, that means they will not have any income and the buying power in the market will fall rapidly, and when a lot of people cannot afford the products, especially from these big global companies, the income of these companies will be drained to the ground. And if nobody can prevent it from happening, there will be a good chance that another of “The Great Depression” will be happening in our ages. On the other hand, this may be a good opportunity for the third

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