Markets Without Money

Markets without money seems sort of incomprehensible, yet that is what I would like to talk about here and now.

Oddly, just a few days ago I maintained that “I do not live in fantasy land” (see “Social Business Regulation: Introduction & Socio BIZ Rule #1” [ ] ) … and yet here I am asking you to believe that markets without money are possible.

Back when I was an student of economics, I recall meeting another student — I think perhaps she was from the University of Chicago — who had worked with Professor Becker on the general topic of shadow markets … and so this at one and the same time acknowledges that even way back when — in the stone ages? — there was such a thing, a concept (if you will), about exchanges in “quasi-” markets without money.

Without getting too deep into semantics, I would simply like to point out that our conventional view of the definitions of “market” and “money” are very closely intertwined — and I think that is probably one of the main reasons why the concept of markets without money seems so odd.

Yet there has actually been a very long history of this concept in media — just a couple examples should be more than sufficient to make this case. “Front page news”, “above the fold”, “headlines”, “top 10 results” — need I say more? (wink wink, nudge nudge 😉 )

If I do need to say more, the notion of “screen space” has probably already filled entire volumes of treatises on graphic design, data visualization texts and whatnot more.

If you still don’t get IT, please look up the term “attention economy” (that ought to be a good place to start in case you have been living under a rock for most of your life 😛 ).

Now I am simply going to assume that you are already able to entertain the thought that markets without money do exist (and perhaps such so-called “shadow markets” actually overshadow our traditional concept of money and markets).

When working with information, context is paramount. A statement such as “mix two things” may be a commandment in the context of a religious text, or it may merely be a suggestion in the context of a cookbook. Or just think of the way a message might be completely appropriate in one context versus completely inappropriate in another context. The supply and demand for any particular message may be completely different.

Ideally, there ought to be enough awareness of context so that communications are better suited to their environments. This is what I was referring to when I used the word “fittest” in my question to Matt Mullenweg the other day (see “Matt Mullenweg’s Answer May Have Been Somewhat Misleading” [ ] ).

I think maybe Matt misunderstood my question about marketplaces — it seems that his answer was mostly about marketplaces with money, and hardly at all about marketplaces without money.

For more background on my thinking about the relationship between money and language, please see “In What We Trust” [ ].

If you boil it down, it is about the future of capitalism — I like big, huge, scary topics like that (it comes out of my fascination for how [a business] balances customers and employees against the business [financial goals] that it has to meet)

Keywords: business , Charlene Li , Bob Buday , lead , leading , leader , leaders , leadership , technology , people , research , brand , brands , branding , media

How do you put them into context and understand them from a leadership perspective? How do you make the trade-offs? [13:30 – 14:31]

Because they’re the most popular blogs within a particular niche, their communities effectively act as a support system for anyone who’s just now getting acquainted with a particular topic

Keywords: 5000 Readers In 6 Months

And about getting paid… unless you understand that blogs don’t make money, but rather the businesses behind them, you’ll be forced to rely on 3 of the worst performing monetization channels available (ads, affiliate marketing, and sponsored content.) And that’s only if you’re lucky enough to be in a niche that enables affiliate marketing, otherwise, you’ll be forced to recommend vaguely relevant books from Amazon.

The common myth that “the only way you can exert control (over algorithms employed by websites on the Internet) is limiting it and controlling how much you interact with it” limits people’s awareness that they need to acquire more literacy skills

The only way you can exert control is limiting it and controlling how much you interact with it

Bari Weiss (“Walkins Welcome” Podcast episode #132 [13:08 – 13:18] )
Sat down with the incomparable Bari Weiss and had a wide-ranging conversation about how we lie to ourselves, self-censoring, faux outrage, antisemitism, and why she believes that the fight of our lifetimes is the fight against illiberalism.

The context of Ms. Weiss’ statement is a discussion (actually an interview with Bridget Phetasy) involving 2 alternatives:

  1. Living in a civilized world with a smartphone connection to the Internet


  1. Living on a deserted island with virtually no technology whatsoever

In this context, Ms. Weiss follows a common fallacy — that the only ability an individual has is to “unplug”, to be either “on” or “off”.

You might think I am stalking Ms. Weiss, because I have already mentioned another one of her statements several yeas ago (see this “Fun Love status update“) … but actually I almost feel as though Ms. Weiss is stalking me, since she repeatedly appears as a guest on some of the media channels I pay attention to. Maybe I should reconsider which media channels I choose?

This is, indeed, my response to Ms Weiss (this time): We are not limited to choosing between online and offline. We are free to choose many things — including:

  1. The software we use;
  2. The websites we visit;
  3. Our own views;
  4. Our own expressions;
  5. Our own actions, interactions, activities, wants, desires and much, much more…

Of course the basis of such freedoms in the context of a civilized society is some level of socialization, and in the particular context which Ms Weiss and Ms. Phetasy discuss quite vociferously, I would strongly advise them to brush up some on their own literacy skills in order to better understand the term “appropriate technology” in the context of the 21st Century.

My interests are too scattered and my thoughts too many to focus in on one thing

Keywords: {0}

I figured the best time to start is right now, while my son is napping and the sun is shining. Ah, the beautiful promise of spring and better days ahead. But I digress. This blog has now been created, kind of on a whim but also not. And that is where we find ourselves today.