Ming the Mechanic:
Augmented Capitalism

The NewsLog of Flemming Funch
 Augmented Capitalism2003-04-23 23:13
14 comments
picture by Flemming Funch

From HeadMap:
money was predicated on spatial constraints

the range of currencies is infinite and the money is intermediary between them

hats are currency, butter is currency,

they get filtered through money (so that ..hats can buy butter at another place and time)

the friction that transportation and distribution and communication among those who would exchange created the right climate for money


the internet is doing some disturbing things

it is creating currencies and ecoonomies with no money intermediary

link economies, peer two peer file sharing economies and software development and exchange economies


this seems to suggest that in the absence of friction money makes less and less sense

in fact in the current climate many things are starting to make less and less sense

and these network economic anomalies will soon slip into the real world

destroying huge industries based on friction difficulty seperateness and centralisation


as exchange without money becomes more efficient and reliable

money won't disappear but will have to start living in parallel with vibrant, aggressive efficient parallel economic forces


the moves towards hardware level copyright controls and crippling copyright legislation

seem more and more like attempts to artificially introduce friction into a system that by its nature is able to remove it entirely

there seems to be the fear that money itself may be on the verge of collapse and that only a radical lockdown can save a civilisation with money at its heart

capitalism is being augmented at a frightening speed



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14 comments

2 Dec 2003 @ 18:22 by justin2 : money
this is a subject about which I am just beginning to do some research. I began with Engles' dissertation on property: http://www.marxists.org/archive/marx/works/1844/df-jahrbucher/outlines.htm
Is it really necessary to use italics in text on the web, it is all but impossible for most people to read.
Some people have advocated tax-free societies, but I'd like to know how a government can function without a tax of some sort.  



22 Feb 2004 @ 02:06 by Gorkem Adal├Żer @212.253.134.171 : minuses
Home of the google site I enter yours page and I want learn about mechanics frictions I didn't see any friction.  


22 Feb 2004 @ 08:03 by ming : Friction
Well, I do see some occasional friction. ;-)

I guess you searched on something like "mechanic friction". "Mechanic" is in the name of this blog, for no very good reason. And "friction" is in the text on this page, applied to money flows.  



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