Week 9. Global Movements.
Clay Shirky talks about communication tools and explores the change in how, ‘they change how people can contact each other, how they can share information’ (2014). It is evident that society has involved into a digital culture, where there is constant uses in everyday life of digital media. He talks about the development of being able to share this information and how it creates a development of resources that fills the human desires (which is the opposite of scarcity, which was evident before communication tools were around).
Digital media can be used as a social tool to communicate with others around the world, using sites such as Facebook and Twitter. It is a great way to advertise your business to different parts of the globe. In a political sense, information can be disbursed by devices such as the radio and the internet, allowing politicians to get their ideologies across.
Thomas Piketty explores the increase of wealth inequality in our society even though we have all out technological advancements, which challenges capitalism. What Shirky is trying to inform the reader is that, ‘those who have capital and assets that generate wealth (such as a Saudi prince) will always be richer than entrepreneurs who are trying to make capital’ (Hussey, 2014). As capitalism is a social system that allows for trade industries to gain profit from their operations, when you interpret it with the association of global media networks, it allows for the industries to expand their business all around the world to reach more individuals. The challenges that are involved with contemporary capitalism when associated with global networks falls back to the statement made by Hussey, about those who already have capital will always be richer than those who are trying to gain capital. You could argue the inequality within capitalism for those who are trying to establish their businesses and it is hard for developing local businesses to gain revenue.
2014, ‘The disruptive power of collaboration: An interview with Clay Shirky’, McKinsey&Company, March, Insight & Publications, retrieved 21 September 2015, < http://www.mckinsey.com/insights/high_tech_telecoms_internet/the_disruptive_power_of_collaboration_an_interview_with_clay_shirky>.
Hussey, A 2014, ‘Occupy was right: capitalism has failed the world’, The Guardian, 13 April, Business and Finances, retrieved 21 September 2015, <http://www.theguardian.com/books/2014/apr/13/occupy-right-capitalism-failed-world-french-economist-thomas-piketty>.