Capital, most would agree, has since become much more global in all of its forms of production, commerce, merchanting, and finance.
It has shifted rapidly (and often with considerable volatility) from one location to another.
At the same time massive amounts of capital and labor have been invested in the sorts of immobile fixed capital we see in airports, commercial centers, office complexes, highways, suburbs, container terminals, and the like. Global flows have been in part guided by such investments but at the same time these investments are speculative developments that depend for their profitability upon a certain expansionary pattern of global flows of commodities, capital, and people.