Menu Home

The knowledge economy and imagined freedom from material constraint 

A speech by Ronald Reagan at Moscow State University on May 31st 1988. Reprinted in One Market Under God, by Thomas Frank, Loc 7341-7365:

“Like a chrysalis, we’re emerging from the economy of the Industrail Revolution—an economy confined to and limited by the Earth’s physical resources—into, as one economist titled his book, The Economy in Mind, in which there are no bounds on human imagination and the freedom to create is the most precious natural resource. Think of that little computer chip. Its value isn’t in the sand from which it is made but in the microscopic architecture designed into it by ingenious human minds. Or take the example of the satellite relaying this broadcast around the world, which replaces thousands of tons of copper mined from the Earth and molded into wire. In the new economy, human invention increasingly makes physical resources obsolete. We’re breaking through the material conditions of existence to a world where man creates his own destiny. Even as we explore the most advanced reaches of science, we’re returning to the age-old wisdom of our culture, a wisdom contained in the book of Genesis in the Bible: In the beginning was the spirit, and it was from this spirit that the material abundance of creation issued forth.”

Categories: The Political Economy of Digital Capitalism The Technological History of Digital Capitalism Thinking

Tagged as:

Mark

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s