ANTB20H3 Lecture 7: Lecture 7
Document Summary
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 and social changes. 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. 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 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.
