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Social Networksd - More by Ross Mayfield Social Capital of Blogspace
Perhaps we are in the Network Age [Ming], following modernism and post-modernism. After obsessing about construction, then deconstruction, we now value the links between deconstructed bits. When those links are between people, they can be valued as social capital. Robert Putnam, in Bowling Alone, popularlized the role of social capital. Francis Fukayama, in Trust, principally discusses the correlation between social capital and the prosperity of nations. He defines social capital as the ease in which people in a culture can form new associations.
As previously described in the Ecosystem of Networks, people use weblogs in different modes: Publishing, Communication and Collaboration. By dramatically lowering the cost for these modes on the public internet -- they are rapidly increasing the value of social capital. Each mode provides different valuation methods:
Now Sarnoff + Metcalfe + Reed does not equal a valuation methodology, but centering on the value of different kinds of relationships reveals where investment would provide greater return. Enhancing communication and ties between collaborative groups enables exponential growth of social capital. The above image also recasts the Ecosystem of Networks with the individual as the center, as preferred by many...
Perhaps we are living in a Network Age, building a Network Society. Perhaps Emergent Democracy is as significant as a Second Superpower. But at the least, we are building new relationships-- a connectedness that we should value. |