Capitalism has taken on new forms since the 1970s.
These models have led to important debates about the new experiences of space, time and identity emergent from these technological
Post-Fordism: information and network are more important than fixed form of capital in one place
Internet allows transfer of capital overseas allows movement of capital from easy to easy
Manuel Castells (1996) argues that the main mode of social organization in politics, the economy and civil society is shifting from the
relatively stable hierarchy to a more fluid network form.
These networks are interpersonal, transnational and transitory.
We live in a world where info is more important than capital
Nation-state assumes less importance in these new models of label organization. The nation-state is bypassed. The vertical relations
that defined nation-states (top-down) are not as powerful. New forms of business, consumption and entrepreneurship have emerged.
The spider (most elaborate web) is the most powerful person. Individuals can start their own company because they can start and build
The network society came about at the same time as globalization. With the deregulation of market economy and new technology,
people were not fixed to certain places.
Recent developments that generate the basic materials of the informational economy that is replacing the industrial economy.
Computers, VCRs, DVDs, artificial systems, word processing or spreadsheet software.
Whereas manufacturing was the primary economic backbone in most places, information (i.e. software) is becoming more important.
Technopoles: small places within cities that are becoming the center of the world
The global city: Silicon Valley --> emerges out of a specific strain (i.e. technology)
Global economy is forming outside the key actors such as nation-states
Wikileaks-tap into a highly secure database
Powerful information flow
World economy is very dependent on information networks
One has more access to info and an individual is more connected to world economic centers
Capitalism is unrestricted
As a people, we are progressing
There are certain moral assumptions linked to ideals of freedom and progress. For example,
What we had before, therefore, is backwards
Culture, place, social structures no longer holds back
How accurate are these assumptions?