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Re: [ox-en] Re: transition from slavery to feudalism, mirror for transition from capitalism to peer society

Hi Zbigniew,

reed and metcalfe are only mathematical laws pointing
to the maximal potential value that can be created, so
I understand your point, but that is not related to my
point nl, that

 - a lot more social value is created (documents and
videos being valuable 'ethically' for many different
groups)

- and that only a very small part of  it is monetized

This remains through even if the full mathematical
potential of these laws is not fullfilled to its
maximum.

By the way, I found an interesting quote that
contradicts an earlier remark about markets .. (I
agree that they are not our end horizon)

however, in david laibman's deep history (which I
strongly recommend I read), after his overview of
anthropological literature:

"markets have been known throughout all recorded
history, there are no known cultures without any
markets"

The point is of course double: 1) markets are not
synonymous with capitalism; 2) even if they continue
to exist, they do not preclude other forms

Michel




--- Zbigniew Lukasiak <zzbbyy gmail.com> wrote:


I was reading that long email, and I have to say I
agree with most of
you say there, utill this point:

On 9/4/07, Michael Bauwens <michelsub2003 yahoo.com>
wrote:

a recent thoughtpiece:
But I would like the readers to entertain the
following proposition, nl. That:
1)      The creation of non-monetary value is

exponential

2)      The monetization of such value is linear
In other words, we have a growing discrepancy

between

the direct creation of use value through social
relationships and collective intelligence (open
platforms create near infinite value through the
operations of the laws of Metcalfe and Reed), but

only

a fraction of that value can actually be captured

by

business and money. Innovation is becoming social

and

It is so fashionable to quote Metcalfe or Reeds laws
- but frankly it
is also so shallow.  Metcalfe law assumes that I see
any value in
belonging to all of the 2^n possible groups of n
people - I don't.
There might be some value in the possibility of a
new group creation -
but the more groups there are the value is smaller -
because the
groups overlap each other.

There is another analysis:
http://www.dtc.umn.edu/~odlyzko/doc/metcalfe.pdf
that tries more
honestly analyse what is the value of a
communication network of size
n and comes to the number around n log n.

Cheers,
Zbyszek
http://brudnopis.blogspot.com/
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