Sunday, 14 December 2008

Castells on value

"Value making, under informational capitalism, is essentially a product of the financial market. But to reach the financial market, and vie for higher value in it, firms, institutions, and individuals have to go through the hard labor of innovating, producing, managing, and inage-making in goods and services. ... The new economy brings information technology and the technology of information together in the creation of value out of our belief in the value we create." ( Castells The Rise of the Network Society pp160)

If we were to stop believing then what would happen? We would have an existential crisis. Hence the cyclical experience of the necessity to understand our belief structures and meaning if exisitence!

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