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Nothing will change so long as we continue to stick with the outmodded, hypercapitalist notion of an economy defined purely monetarily. Money erases all actual
by voidhorse 5y ago
Nothing will change so long as we continue to stick with the outmodded, hypercapitalist notion of an economy defined purely monetarily. Money erases all actual social values and establishes only exchange value (abstracted from things that are actually important, like the fact that a vast majority of exchanges are destructive for the species and probably shouldn’t be happening) thus we’ve let ecosystems basically reach the point of collapse.
A proper economy needs to be general in Bataille’s sense. It needs to incorporate social goods as its measure, not just abstractions like gdp and exchange value.
This article is right that society has failed to adapt to rapidly proliferating digital technologies, leading to the complete erosion of social structures, without sufficient replacements, but in my estimation it does not go far enough
Much of Bernard Stiegler’s work centers around establishing such alternatives: https://arsindustrialis.org/manifesto-2010 https://arsindustrialis.org/manifesto-2010