<nettime> more about money
Via: Keith Hart
The age of money
Ours is an age of money. If human society has any unity at this time it
is as a world 'market'. There is nothing wrong with people exchanging
goods and services as equals. Markets are indispensable to the extension
of society. The problem is that they use money: some people have lots of
it and most don't have enough. The unequal face of the age of money is
'capitalism'; and the principal source of that inequality has been a
machine revolution whose uneven development is only two centuries old.
The combination of money and machines is the engine pushing humanity
from the village to the city as our normal habitat. The result is a
polarized world society that resembles nothing so much as the Old
Regime, with an isolated elite controlling the destiny of powerless
human masses to whose fate they are largely indifferent.[1]
The age of money
Ours is an age of money. If human society has any unity at this time it
is as a world 'market'. There is nothing wrong with people exchanging
goods and services as equals. Markets are indispensable to the extension
of society. The problem is that they use money: some people have lots of
it and most don't have enough. The unequal face of the age of money is
'capitalism'; and the principal source of that inequality has been a
machine revolution whose uneven development is only two centuries old.
The combination of money and machines is the engine pushing humanity
from the village to the city as our normal habitat. The result is a
polarized world society that resembles nothing so much as the Old
Regime, with an isolated elite controlling the destiny of powerless
human masses to whose fate they are largely indifferent.[1]
comments
No new comments allowed (anymore) on this post.