It is irrefutable that the IT revolution and faster means of travel have affected society at all levels. However, I disagree that all these effects are negative. The society has also benefited enormously from this speeding up of life which in other words we can say globalization.
At the individual level, we have more choices, more opportunities to travel, better job prospects and more awareness and tolerance of other cultures. Due to better communication, people are connected with their near and dear ones and distances are no longer a barrier. There has been a fall in face-to-face communication but the social network of friends that the young generation of today has is far more than ever before in the history of mankind.
At the national level, countries are getting closer and the boundaries are disappearing. Because of this fast era of today, nations are developing strong bonds doing successful trade with each other. The rich nations are opening Multi-National Companies in developing countries and thus providing job opportunities to millions. This is narrowing the gap between the rich and the poor. No doubt the people working in such companies are underpaid but it is definitely better than being unemployed. Because of this the economies of the poor countries are improving.
At the global level, nations are joining hands to fight evils such as poverty, disease, terrorism and global warming. Who has not heard of the Kyoto Protocol? The major feature of the Kyoto Protocol is that it sets binding targets for 37 industrialized countries and the European community for reducing greenhouse gas (GHG) emissions.
To conclude, the accelerating pace of life has both negative as well as positive effects. However, the positive effects are much more than negative effects.