is it love?


Now it becomes easy to see how love translates to economic terms as a union based in mutual debt. When the debt is paid off or called in, the union dissolves. And now that pretty much everyone is in debt, love abounds! Professionals are moving back in with their parents, people are returning home to their countries to depend on their extended families, contracts are increasingly backed by personal relationships, and even the values of goods and currencies are backed less by bonds and legal tender and more by the trust and intimacy that gives them their character. Shared associations and affinities expressed over communication lines produce pockets of enormous value in an otherwise lonely ocean of random data streams. Musicians record reams of songs without ever thinking about wanting a record contract from major labels that are still struggling to understand how to make money off computer files.
 
http://www.e-flux.com/journal/is-it-love/

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