3 KINDS of MONEY: Industrial, Attention and Financial or From the BLANK CHECKBOOK to FACEBOOK "FEUDALISM"

Mar 052009
 

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 […]

WHY THE CRASH? —Part 4 BANKS, POSEURS, and HOMES

Oct 312008
 

Having discussed the new strangeness of money as such, I will now turn the most money-dependent sector— finance. But before getting into details, let me make a point about banks and attention. Money flows in the same direction as attention does, and so, right now stars — that is, large scale attention getters — generally have high monetary incomes. But having money incomes doesn’t lower the net attention they have, because attention itself can be thought of […]