(this is a draft of a paper I’ve recently submitted for publication) Where did the Occupy Wall Street movement gather its strength, and where might it be going? Starting from a handful of people, it has captured worldwide attention in a very short time, and has had remarkably rapid effects on the political scene. While it took both the Civil Rights Movement of the 50’s and 60’s and the movement against the Viet-Nam war in […]
I am not a big fan of the numerical sociologists of the Internet , Fang Wu and Bernardo A. Huberman., but I thought for a bit they had finally come up with something interesting with their paper “Persistence and Success in the Attention Economy”. Their data reveal a seeming paradox: the more videos a person uploads on YouTube, the less likely the video will be an attention success, that is will garner more than 1% […]
To continue my study of the causes and possible cures of the meltdown, I want to discuss how there have seemed to be three different routes to making money. I do this in the context of my general prediction for over a decade, which has been that the attention economy will eventually replace the money-industrial economy, in all variants, including capitalism. This means that money will eventually be outmoded. For an early version of this […]
Re blogged from Wednesday, August 30th, 2006 with very slight changes: This blog focuses on the coming of the Attention Economy. Every so often, I shall remind new (and even old) readers of what I mean by this term. The basic idea is that we are moving toward a new kind of economy, wildly different from any before. An economy in this sense is system of actions and transactions of some kind involving scarce but […]
SUCCESS REACHES ITS LIMITS In my previous post on the crisis, I claimed that we are suffering from too much savings and not enough consumption. The worldwide pool of money seeking growth investments is too large to be sensibly invested in any sort of production or service-providing corporation. The reason for that is that consumption is just too low, and is not likely to be able to rise to the levels needed to sustain such […]
American and probably world financial institutions continued to reel today as an outcome of the credit collapse that began with the sub-prime mortgage mess. Because primary and secondary mortgages and other forms of personal and institutional debt were completely essential for whatever economic strength the old economy has shown since 2001, it seems probable to me that the latest failures are just a harbinger of worse money-economy times to come. However this plays out in […]
The Hyperlinked Society, the book I’ve referred to before, is a book which shares the common faults of printed versions of conferences. Though the very word “conference” suggests the possibility of a rich dialogue among participants, the printed version tends to suggest no attention paid to each other. Here, for instance, there are two chapters on maps and the Web — the second much better than the first — each covering much the same topics, […]
Hillary Rodham Clinton, speaking at the 2008 Democratic Convention, asked whether her supporters backed her just as a person or because of the issues she embraced, implying that of course they should answer: “the latter.” But we know that is not in truth the case. All candidates “flip-flop” to some degree on issues that might be important to their voters, and since no one can foresee exactly what will face successful candidates during the term […]