thanks paul, sharing your comments with the list On Mon, Jul 11, 2011 at 9:23 PM, Paul D. Fernhout < [email protected]> wrote:

On 7/9/11 8:21 AM, Michel Bauwens wrote:

...

see item 2 from the moral economies conference, http://www.moraleconomies.**leeds.ac.uk/abstracts/<http://www.moraleconomies.leeds.ac.uk/abstracts/>

links on the authors and their thesis would be appreciated,

Interesting, and there is some truth to it, but here is the bigger picture as I see it, that we are seeing the balance shift between five different sorts of economic transactions and our technology and culture changes: "Five Interwoven Economies: Subsistence, Gift, Exchange, Planned, and Theft" http://www.pdfernhout.net/**media/FiveInterwovenEconomies.**pdf<http://www.pdfernhout.net/media/FiveInterwovenEconomies.pdf> http://www.youtube.com/watch?**v=4vK-M_e0JoY<http://www.youtube.com/watch?v=4vK-M_e0JoY>

Unless an analysis looks at how all five economies are changing, it will be incomplete. For example, the work of these hackers is increasing people's ability for local subsistence, as well as strengthening the gift economy and related new peer-to-peer networks and governance, so both of those changes diminish the need for an exchange economy, which in turn will ultimately diminish the power of big exchange-oriented and artificial-scarcity-oriented and addictive-oriented corporations in most people's lives.

So, while there is some truth that companies build on gifts by hackers in proprietary ways, there is a lot more going on.

--Paul Fernhout http://www.pdfernhout.net/ ==== The biggest challenge of the 21st century is the irony of technologies of abundance in the hands of those thinking in terms of scarcity.

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