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Hardcover. Etat : As New. Dust Jacket Included. If hand mill gives us the society of feudal lord and steam mill gives us the society with industrial lord then microchips gives us the society with global capitalists. Thus revolutionary changes in the information technology have led contemporary capitalism top enter into a new stage globalization. It is a holistic process that has impact in all spheres of social relations. The molding effect of computerization in social processes has unified the world into one world. Economic relations have transcended the national boundaries. The power of nation state has been eroded by various transnational organizations. Culturally glob lists hold mankind has become denizens of an integrated habitat the global village where both the rich and poor will have opportunity to share the resources of the world. This has made the struggle for socialism or nay alternative to capitalism irrelevant. Capitalism has triumphed in that sense be a part of it because that is the reality. (jacket) 128 pp.