Globalization's impact on class structure from "summary" of The New Class Conflict by Joel Kotkin
Globalization has fundamentally reshaped the class structure in modern society. The rise of a global economy has led to the emergence of a new elite class that transcends traditional boundaries of nationality and culture. This global elite is characterized by its wealth, power, and influence, which are no longer confined to any single country or region. The members of this elite class are united by their shared interests in maintaining and expanding the global economic system that has allowed them to amass their wealth and power. At the same time, globalization has also brought about the decline of the traditional middle class in many countries. As jobs and industries have been outsourced to cheaper labor markets overseas, many middle-class workers have found themselves displaced and struggling to make ends meet. This has led to a growing divide between the wealthy elite and the rest of society, with the middle class increasingly being...
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