[PEN-L:28249] Re: Re: Something strange about this crisis

[joanna bujes <joanna.bujes@xxxxxxxxxxxx>]

At 10:50 AM 07/20/2002 -0700, you wrote:
> So if the main intangible assets of a firm are the possibilities of continuing
> production of knowledge and information that can be commodified, then for many
> firms, even with their intellectual property protections, a deflation of their
> stock price represents a massive devaluation of the types of knowledge and
> information they are diffusing via markets and a massive reduction in the
> expectations that knowledge of equivalent or greater value will be
> forthcoming.
> Reification aside, in a sense knowledge has become a victim of it's success as
> well as it's failure. Braverman's paradox [206-208 'old' edition] is becoming
> ever more pertinent.

Sorry, I totally don't get this. First, I disagree about the "knowledge";
firms have a brand and, through that brand and great expense, they also
have control of the market. The bit about devaluation of stock =
devaluation of knowledge makes no sense. Please explain.

Joanna