Re: <nettime> on material and 'immaterial' labour

[Doug Henwood <dhenwood@panix.com>]

McKenzie Wark wrote:

>But one thing that does seem to me to be worth pointing out is
>that IP becomes a new source of power for a new class, what i
>call the vectoralist class. A class whose power is based on
>the control of copyrights and patents, not on the control of
>the productive assets of agriculture or manufacturing. There has
>been a hollowing out of the corporations of the overdeveloped
>world. They have passed from a capitalist to a vectoralist
>formation. They control the means of designing and branding
>things, but subcontract manufacturing out elsewhere.

Ever hear of these little entities called Ford and General Motors? Or 
Toyota and Volkswagen? In case you've forgotten, they're based in the 
First, or if you prefer "overdeveloped," world, own big factories, 
have hundreds of thousands of employees, and make cars and trucks by 
the tens of millions.

There are some 18 million manufacturing workers in the U.S. 
Manufacturing generates over $1 trillion in income annually in this 
country. We've got a ways to go before we hit pure virtuality.
-- 

Doug Henwood
Left Business Observer
Village Station - PO Box 953
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