Phil Graham on 24 Aug 2000 14:58:30 -0000

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[Nettime-bold] Re: <nettime> The New Culture? The New Economy!

At 05:05 PM 23/08/00 -0400, richard barbrook wrote:
>Bollocks. What I always point out is that the hi-tech gift economy is
>precisely that: an *economy*.

No it isn't. It's a particular mode of exchange related in complex ways to 
any number of economies, just like barter- and money-based exchanges. 
Production, for example, is not included. You can't call something an 
economy that doesn't take production (and a whole lot of other stuff) into 
account. In essence, to call the exchange of gifts an economy is 
qualitatively no different than vulgar monetarist econometricians who see 
flows of money as identical with "the economy". Both views focus on modes 
of exchange alone and ignore all the other material and historical 
relations that make exchanges possible.


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