The Internet Has Revolutionized The Production And...

The Internet has revolutionized the production and dissemination of information. Individuals capacity to create and share their ideas has radically progressed along with the advancement of technology. This is not true, however, for every aspect of communication. An integral component of our socio-political fabric has remained, for the most part, unfettered, by technological enhancement. The aspect I am referring to is how the value of commodities and services is communicated between individual agents in society. There are two major views on how value ought to be communicated which, for simplicity s sake, I will refer to by the terminology used by Foster and McChesney in their article The internet s unholy marriage to capitalism (2011). The first view is called intrinsic value, which is derived from the marxian principle that quantification of value ought to be derived through the production process, considering hours of labour as a unit of measurement. The second view, which is the more prevalent view, held by most neoclassical economists and first introduced by Adam Smith, holds that value ought to be derived and communicated solely through the means of market exchange, considering prices as their unit of measurement. Throughout the remainder of this text, I will refer to both units of measurement, (extrinsic)price value and (intrinsic)labour value, as mediums of value. Both mediums have their own respective flaws which will be analysed in detail while attempting toShow MoreRelatedDiscuss the Role of the ICT (Information Communication Technology) in Implementing the E Government in Zimbabwe1925 Words   |  8 PagesQUESTION: 1 Discuss the role of the ICT (Information Communication Technology) in implementing the E Government in Zimbabwe. INTRODUCTION Our country is experiencing a new industrial and technological revolution which is bringing about a significant, fast and extensive transformation of society and industry. 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