The world is flat. This simple statement is completely and utterly false looking at it in a literal sense, however Friedman (an amazing human being, I must say) uses it as a way of symbolizing the fact that because of technical advances it no longer matters where you are in the world, you can now communicate, do business with, and share ideas with anyone else in the world. There are no longer any barriers in how far one individuals voice can be heard. You no longer are limited by the resources of your community, or rather you still are, but your community is now the entire globe, or more appropriately the entire slab. The world is flat.
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