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Re: <nettime> The $100bn Facebook question: Will capitalism survive 'val
John Hopkins on Thu, 8 Mar 2012 23:41:31 +0100 (CET)

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Re: <nettime> The $100bn Facebook question: Will capitalism survive 'value abundance'?

Hi Ana --

The exchange fullfills the symbolical needs of giving and takings.

I believe you are missing a crucial concept here regarding gift or
potlatch -- it *is not* nor *cannot be* symbolic or abstracted -- it
is fundamentally about the real sharing of energy in some materialized
form. It is about the localized sharing/equalizing of resources
(abundance) so that clan/tribal viability is increased. It may be seen
as a form of organismic homeostasis of self-organizing systems...

Perhaps the big weakness of the 'exchange' of highly abstracted
code that *is* Facebook is the fact that it does little to enhance
viability (except in the 'attention economy' sense...)...



John Hopkins
Watching the Tao rather than watching the Dow!

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