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Thomas Friedman the Lexus and The Olive Tree

So he assumes that this is the big victory for society since this makes every human a citizen of the world village. Therefore since the people are more aware of the world events they are also more sensitive to any event of relevance. This mean that society it self will have more control of their decision making, which will guide the majority governments to more crystal democracies. Friedman predicts that at first many countries will be afraid of opening their society to this information revolution since they will loose control over their citizen. However countries that do not accept this revolution will be isolated form the world society something that comes at a greater cost to the countries that refuse to enjoy the revolution.
             The new system also brings accessibilities for every citizen to the world financial markets. This phenomenon creates a more personalized connection between the investor and the market. Here again he calls it the democratisation of financial market since any one who chooses can be come a player of the markets. Therefore the writer adds that this will inter connect the world even more. Which will make a world a more sensitive to any happenings around the world since now the public are direct dictating factors of today's world financial markets. The author reveals this with an anecdote of the Asia crises and how it when for being a single country issue, to a continent one, and then a world one. The writer spell out how an event that he saw erupt, then latter affected, what he called his street in his hometown in the United States. Therefore he uses this story to reveal the big change that has occur where as before the majority of events is to have just local relevance now a days they have become of international relevance. This will also mean that the markets potential growth is impossible to predict since the amounts of potential investor that the world has is unaccountable to this day.


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